VIACOMCBS INC - CLASS B (VIAC) Stock Technical Analysis
NASDAQ:VIAC - Nasdaq - Common Stock
We assign a technical rating of 2 out of 10 to VIAC. VIAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, VIAC is a bad performer in the overall market: 84% of all stocks are doing better.
VIAC is part of the Media industry. There are 98 other stocks in this industry, of which 61% are performing better than VIAC.
VIAC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so VIAC is lagging the market.
In the last month VIAC has a been trading in the 27.84 - 36.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
VIAC has an average volume of 15286200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
The technical rating of VIAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.22
37.93
We found 1 important support area.
- Support @29.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.59 to 29.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.51 to 35.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.55 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for VIAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VIAC is neutral. |
| ChartMill Relative Strength | 16.52 | NEGATIVE | VIAC has a low relative strength, it was outperformed by 83.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VIAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VIAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VIAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.02 | NEUTRAL | The RSI value for VIAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests VIAC has a negative trend. |
| Stochastics (14,3) | 58 | NEUTRAL | The Stochastics value for VIAC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for VIAC suggests high 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)
29.58
-6.41 (-17.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-17.81%
1 Week-17.33%
2 Weeks-9.73%
1 Month-15.65%
3 Month-12.12%
6 Month-25.51%
12 Month-52.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%6.54%
ATR Inc229.59%
Range Today2.49
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
CRS16.52
Mansfield-3.18
10 Day High36.83
10 Day Low27.84
20 Day High36.83
20 Day Low27.84
52 Week High101.97
52 Week Low27.84
CS1 End29.52
CR1 Start29.59
Volume & EV
DER(3)0.53%
DER(5)1.75%
Volume87.61M
Volume Incr104.54%
Vol(5)26.71M
Vol(50)15.29M