VITL Technical Analysis - VITAL FARMS INC

Technical Rating and Analysis

Overall VITL gets a technical rating of 5 out of 10. In the last year, VITL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month VITL has a been trading in the 43.94 - 53.13 range, which is quite wide. It is currently trading near the lows of this range.

VITL is part of the Food Products industry. There are 89 other stocks in this industry. VITL outperforms 86% of them.

VITL has an average volume of 1017890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Looking at the yearly performance, VITL did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

VITL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VITL is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VITAL FARMS INC / VITL Weekly stock chart

VITAL FARMS INC / VITL Daily stock chart

Setup Rating and Analysis

VITL has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

29.42

44.77

We found 5 important support areas.

A support zone ranging from 44.10 to 44.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 39.53 to 39.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @34.54 from a trend line in the weekly time frame.
Support @32.05 from a trend line in the daily time frame.
Support @29.72 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 VITL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VITL is down.
ChartMill Relative Strength	79.85	POSITIVE	VITL has a high relative strength, it outperformed 79.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VITL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of VITL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VITL is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.02	NEUTRAL	The RSI value for VITL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.97	NEGATIVE	The MACD value suggests VITL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.72	OVERSOLD	The low Stochastics value suggests VITL may be oversold.
Average True Range in percent/ATR (20)	4.35	MEDIUM VOLATILITY	The ATR as a percentage value for VITL suggests some volalility.
Average Directional Index/ADX (14)	29.05	POSITIVE	The high ADX value value for VITL suggests a strong trend.