FRESH VINE WINE INC (VINE) Stock Technical Analysis
USA - NYSEARCA:VINE - US35804X1019 - Common Stock
We assign a technical rating of 1 out of 10 to VINE. VINE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
VINE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VINE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.33
4 important support areas can be observed.
- A support zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.50 from a horizontal line in the daily time frame.
- Support @0.49 from a horizontal line in the daily time frame.
- Support @0.33 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @0.67 from a trend line in the daily time frame.
- Resistance @0.75 from a trend line in the weekly time frame.
- Resistance @0.83 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 VINE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VINE is neutral. |
| ChartMill Relative Strength | 25.23 | NEGATIVE | VINE has a low relative strength, it was outperformed by 74.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VINE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VINE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VINE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for VINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VINE has a positive trend. |
| Stochastics (14,3) | 42.78 | NEUTRAL | The Stochastics value for VINE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.31 | HIGH VOLATILITY | The high ATR as a percentage value for VINE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for VINE suggests a weak or negative trend. |
0.575
+0.06 (+12.06%)
FRESH VINE WINE INC / VINE FAQ
Can you provide the ChartMill technical rating for FRESH VINE WINE INC?
ChartMill assigns a technical rating of 1 / 10 to VINE.
Can you provide the trend direction for FRESH VINE WINE INC?
The current trend direction for FRESH VINE WINE INC (VINE) is Bearish.
What is the RSI signal for FRESH VINE WINE INC (VINE) stock?
FRESH VINE WINE INC (VINE) has an RSI value of 52.4706. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FRESH VINE WINE INC?
The short term momentum for FRESH VINE WINE INC (VINE) is neutral.
What are the support and resistance levels for FRESH VINE WINE INC (VINE) stock?
FRESH VINE WINE INC (VINE) has a support level at 0.51 and a resistance level at 0.67. Check the full technical report for our detailed analysis of VINE support and resistance levels.