TELEFONICA BRASIL-ADR (VIV) Stock Technical Analysis
NYSE:VIV - New York Stock Exchange, Inc. - US87936R2058 - ADR - Currency: USD
Overall VIV gets a technical rating of 9 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, VIV is showing a nice and steady performance.
Besides having an excellent technical rating, VIV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VIV 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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8.09
3 important support areas can be observed.
- Support @9.53 from a horizontal line in the daily time frame.
- A support zone ranging from 8.57 to 8.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.17 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.11 to 10.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.06 from a horizontal 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 VIV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VIV is neutral. |
| ChartMill Relative Strength | 80.26 | POSITIVE | VIV has a high relative strength, it outperformed 80.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for VIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VIV has a negative trend. |
| Stochastics (14,3) | 42.38 | NEUTRAL | The Stochastics value for VIV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for VIV suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for VIV suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 9.83 | 9.52 | 0.31 (3.17%) | 25.00% |
| An entry @9.83. This is a Buy Stop order right above the 10 day moving average. | An exit @9.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.31 points, which is 3.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of VIV. Please evaluate whether better entry and exit points can be found.
- 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.
9.78
-0.01 (-0.1%)