VIEW INC (VIEW)       2.45  +0.14 (+6.06%)

2.45  +0.14 (+6.06%)

US92671V1061 - Common Stock - After market: 2.41 -0.04 (-1.63%)

Technical Rating

Overall VIEW gets a technical rating of 7 out of 10. VIEW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
VIEW is one of the better performing stocks in the Building Products industry, it outperforms 97% of 44 stocks in the same industry.
In the last month VIEW has a been trading in the 1.73 - 2.47 range, which is quite wide. It is currently trading near the high of this range.
VIEW has an average volume of 2780540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, VIEW did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
VIEW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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 36.87% 276.87% -3.92% -53.60% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.51 0.3741 - 6.8
VIEW Weekly chart
VIEW Daily chart

Support/Resistance Analysis


1.96

2.60
2 important support areas can be observed.
  • Support @2.12 from a trend line in the daily time frame.
  • A support zone ranging from 1.98 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
  • Resistance @2.57 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

Besides having an excellent technical rating, VIEW also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for VIEW in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • 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.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
2.582.110.47 (18.22%)5.49%
An entry @2.58. This is a Buy Stop order right above the resistance zone.An exit @2.11. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.47 points, which is 18.22%.For a 1.00% total portfolio risk, you can invest 5.49% of your capital in this trade.

  • 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.
VIEW Daily chart

VIEW INC2.45

NASDAQ:VIEW (8/10/2022, 7:18:58 PM)+0.14 (+6.06%)

After market: 2.41 -0.04 (-1.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Building Products
Performance
Today 6.06% 1 Week 17.79%
2 Weeks 30.32% 1 Month 36.87%
3 Month 276.87% 6 Month -3.92%
Volatility
ATR(14) 0.22 ATR(20)% 8.29%
ATR Inc 25.29% Range Today 0.2
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.51 Mansfield -1.69
10 Day High 2.47 10 Day Low 1.94
20 Day High 2.47 20 Day Low 1.73
52 Week High 6.8 52 Week Low 0.37
CS1 End 2.12 CR1 Start 2.57
Volume & EV
DER(3) 7.9% DER(5) 6.51%
Volume 631.10K Volume Incr -7.49%
Vol(5) 882.06K Vol(50) 2.78M

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