VIEW INC (VIEW)       0.9155  -0.01 (-1.47%)

0.9155  -0.01 (-1.47%)

US92671V1061 - Common Stock - After market: 0.94 +0.02 (+2.68%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to VIEW. VIEW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



In the last month VIEW has a been trading in the 0.69 - 1.04 range, which is quite wide. It is currently trading near the high of this range.
VIEW has an average volume of 1258000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, VIEW is a bad performer in the overall market: 95% of all stocks are doing better.
VIEW is one of the lesser performing stocks in the Building Products industry. 96% of 42 stocks in the same industry do better.
VIEW is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Statistics

1 Month 3 Months 6 Months 12 Months 10.59% -23.71% -58.57% -64.65% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 5.4 0.3741 - 3.13
VIEW Weekly chart
VIEW Daily chart

Support/Resistance Analysis


0.72

1.26
We found 1 important support area.
  • A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @1.18 from a trend line in the daily time frame.
  • Resistance @1.25 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of VIEW 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.


VIEW Daily chart

VIEW INC0.9155

NASDAQ:VIEW (2/3/2023, 7:14:11 PM)-0.01 (-1.47%)

After market: 0.94 +0.02 (+2.68%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Building Products

Performance
Today -1.47% 1 Week 15.8%
2 Weeks 19.85% 1 Month 10.59%
3 Month -23.71% 6 Month -58.57%

Volatility
ATR(14) 0.08 ATR(20)% 9.4%
ATR Inc 93.15% Range Today 0.14

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 5.4 Mansfield -4.19
10 Day High 1.04 10 Day Low 0.7
20 Day High 1.04 20 Day Low 0.69
52 Week High 3.13 52 Week Low 0.37
CS1 End 0.74 CR1 Start 0.93

Volume & EV
DER(3) -4.91% DER(5) 2.06%
Volume 622.60K Volume Incr -54.31%
Vol(5) 619.50K Vol(50) 1.26M

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