VIAVI SOLUTIONS INC (VIAV) Stock Technical Analysis
NASDAQ:VIAV - Nasdaq - US9255501051 - Common Stock - Currency: USD
Taking everything into account, VIAV scores 1 out of 10 in our technical rating. VIAV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
VIAV is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
VIAV has an average volume of 2316340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VIAV turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
VIAV is an average performer in the Communications Equipment industry, it outperforms 43% of 49 stocks in the same industry.
VIAV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VIAV is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
VIAV has a poor technical rating and the quality of the setup is also not perfect 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
8.84
10.74
When analyzing the support we notice one important area.
- A support zone ranging from 8.93 to 9.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 9.50 to 9.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.98 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.18 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.63 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 | DOWN | NEGATIVE | The long term trend for VIAV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VIAV is down. |
| ChartMill Relative Strength | 57.61 | NEUTRAL | VIAV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VIAV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VIAV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VIAV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.54 | NEUTRAL | The RSI value for VIAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VIAV has a positive trend. |
| Stochastics (14,3) | 42.72 | NEUTRAL | The Stochastics value for VIAV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for VIAV suggests some volalility. |
| Average Directional Index/ADX (14) | 24.05 | NEUTRAL | The ADX value for VIAV suggests a possible start of a new trend. |
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)
9.09
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0%
1 Week-2.68%
2 Weeks-1.09%
1 Month-13.51%
3 Month-21.64%
6 Month-10%
12 Month23%
2 Year-7.62%
3 Year-37.18%
5 Year-21.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%4.18%
ATR Inc-59.5%
Range Today0.2
ADR(20)0.29
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.61
Mansfield-0.51
10 Day High9.76
10 Day Low8.92
20 Day High10.94
20 Day Low8.1
52 Week High12.91
52 Week Low6.6
CS1 End9.08
CR1 Start9.5
Volume & EV
DER(3)-0.63%
DER(5)-0.22%
Volume1.99M
Volume Incr-50%
Vol(5)1.48M
Vol(50)2.32M