VIVAKOR INC (VIVK)       1.13  +0.01 (+0.89%)

1.13  +0.01 (+0.89%)

US92852R4039 - Common Stock

Technical Rating

1

Taking everything into account, VIVK scores 1 out of 10 in our technical rating. VIVK 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 VIVK has a been trading in the 0.94 - 1.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, VIVK is a bad performer in the overall market: 100% of all stocks are doing better.
VIVK is one of the lesser performing stocks in the Commercial Services & Supplies industry. 100% of 99 stocks in the same industry do better.
VIVK 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 10.89% 0.00% -30.00% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 0.5 - 4.65
VIVK Weekly chart
VIVK Daily chart

Support/Resistance Analysis


0.96

2.11
We found 2 important support areas.
  • Support @1.00 from a trend line in the daily time frame.
  • A support zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
  • A resistance zone ranging from 1.13 to 1.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.70 from a trend line in the daily time frame.
  • Resistance @1.86 from a trend line in the daily time frame.
  • Resistance @1.95 from a trend line in the weekly time frame.
  • Resistance @2.09 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

6

VIVK 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 a resistance zone just above the current price starting at 1.13. Right above this resistance zone may be a good entry point.


VIVK Daily chart

VIVAKOR INC1.13

NASDAQ:VIVK (1/30/2023, 11:16:00 AM)+0.01 (+0.89%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Commercial Services & Supplies

Performance
Today 0.89% 1 Week 13.13%
2 Weeks 12% 1 Month 10.89%
3 Month N/A 6 Month -30%

Volatility
ATR(14) 0.09 ATR(20)% 7.96%
ATR Inc -8.78% Range Today 0.08

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

Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 1.19 10 Day Low 0.99
20 Day High 1.19 20 Day Low 0.94
52 Week High 4.65 52 Week Low 0.5
CS1 End 1 CR1 Start 1.13

Volume & EV
DER(3) -2.08% DER(5) 0.96%
Volume 21.55K Volume Incr 25.9%
Vol(5) 36.46K Vol(50) 206.56K

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