VIACOM INC NEW (VIAB) Stock Technical Analysis
NASDAQ:VIAB - Nasdaq -
We assign a technical rating of 2 out of 10 to VIAB. Recently some decent action could be observed, but in the medium term time frame this is still negative. VIAB was also a bad performer in the overall market in the last year.
84% of all other stocks performed better in the past year than VIAB.
VIAB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VIAB is lagging the market.
In the last month VIAB has a been trading in the 21.92 - 24.91 range, which is quite wide. It is currently trading near the high of this range.
VIAB has an average volume of 6475650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Volume is considerably higher in the last couple of days.
The technical rating of VIAB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.02
33.51
When analyzing the support we notice one important area.
- Support @21.23 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 24.23 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.45 from a trend line in the daily time frame.
- Resistance @28.73 from a trend line in the daily time frame.
- Resistance @30.64 from a trend line in the weekly time frame.
- Resistance @33.18 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for VIAB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIAB is up. |
| ChartMill Relative Strength | 16.18 | NEGATIVE | VIAB has a low relative strength, it was outperformed by 83.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VIAB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VIAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.75 | NEUTRAL | The RSI value for VIAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VIAB has a positive trend. |
| Stochastics (14,3) | 72.66 | NEUTRAL | The Stochastics value for VIAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for VIAB suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.22
+0.75 (+3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.2%
1 Week0.17%
2 Weeks2.85%
1 Month8.17%
3 Month-6.41%
6 Month-17.28%
12 Month-19.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%2.77%
ATR Inc70.11%
Range Today1.49
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.18
Mansfield-1.89
10 Day High24.91
10 Day Low23
20 Day High24.91
20 Day Low21.92
52 Week High31.96
52 Week Low20.93
CS1 End21.23
CR1 Start24.23
Volume & EV
DER(3)-0.36%
DER(5)-0.52%
Volume41.87M
Volume Incr72%
Vol(5)11.70M
Vol(50)6.48M