VIAVI SOLUTIONS INC (VIAV) Stock Technical Analysis
USA - NASDAQ:VIAV - US9255501051 - Common Stock
13.33 USD
+0.17 (+1.29%)
13.1 USD
-0.23 (-1.73%)
Overall VIAV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VIAV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VIAV is one of the better performing stocks in the market, outperforming 89% of all stocks.
VIAV is one of the better performing stocks in the Communications Equipment industry, it outperforms 76% of 48 stocks in the same industry.
VIAV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month VIAV has a been trading in the 12.05 - 13.46 range, which is quite wide. It is currently trading near the high of this range.
VIAV has an average volume of 3030200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, VIAV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 12.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VIAV in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.03
13.46
4 important support areas can be observed.
- A support zone ranging from 12.63 to 12.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.21 to 12.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.56 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.13 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 | UP | POSITIVE | The long term trend for VIAV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIAV is up. |
| ChartMill Relative Strength | 89.92 | POSITIVE | VIAV has a high relative strength, it outperformed 89.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIAV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VIAV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VIAV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.79 | NEUTRAL | The RSI value for VIAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VIAV has a positive trend. |
| Stochastics (14,3) | 77.28 | NEUTRAL | The Stochastics value for VIAV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for VIAV suggests some volalility. |
| Average Directional Index/ADX (14) | 35.27 | POSITIVE | The high ADX value value for VIAV suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.47 | 12.62 | 0.84 (6.28%) | 15.93% |
| An entry @13.46. This is a Buy Stop order right above the 10 day high. | An exit @12.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.84 points, which is 6.28%. | When investing 15.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.33
+0.17 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.29%
1 Week4.3%
2 Weeks5.38%
1 Month7.41%
3 Month31.01%
6 Month26.83%
12 Month45.84%
2 Year71.34%
3 Year-11.72%
5 Year7.94%
10 Year124.03%
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.57%
ATR Inc-24.88%
Range Today0.24
ADR(20)0.32
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.92
Mansfield1.22
10 Day High13.46
10 Day Low12.23
20 Day High13.46
20 Day Low12.05
52 Week High13.46
52 Week Low8.1
CS1 End12.9
CR1 StartN/A
Volume & EV
DER(3)4.75%
DER(5)2.45%
Volume2.34M
Volume Incr87.78%
Vol(5)3.97M
Vol(50)3.03M