VIVO Cannabis Inc (VIVO.CA) Technical Analysis
TSX:VIVO • CA92845J1049
Current stock price
VIVO.CA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to VIVO. VIVO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, VIVO is a bad performer in the overall market: 85% of all stocks are doing better.
- VIVO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VIVO is lagging the market.
- In the last month VIVO has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- VIVO is part of the Pharmaceuticals industry. There are 33 other stocks in this industry, VIVO did better than 43% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
VIVO.CA Weekly and Daily overview Charts
VIVO.CA Setup Rating and Analysis
VIVO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VIVO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
VIVO.CA Support and Resistance Analysis
0.02
When analyzing the support we notice one important area.
- A support zone ranging from 0.02 to 0.02. 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 2 important areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.04 from a horizontal line in the daily time frame.
VIVO.CA 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 | DOWN | NEGATIVE | The long term trend for VIVO.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VIVO.CA is neutral. |
| ChartMill Relative Strength | 15.34 | NEGATIVE | VIVO.CA has a low relative strength, it was outperformed by 84.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIVO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VIVO.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VIVO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.5 | NEUTRAL | The RSI value for VIVO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests VIVO.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for VIVO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 18 | HIGH VOLATILITY | The high ATR as a percentage value for VIVO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.72 | NEGATIVE | The low ADX value for VIVO.CA suggests a weak or negative trend. |
VIVO.CA Chart- and CandleStick Pattern Analysis
VIVO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:VIVO (4/4/2023, 7:00:00 PM)
0.025
0 (0%)
VIVO Cannabis Inc / VIVO.CA TA FAQ
Can you provide the ChartMill technical rating for VIVO Cannabis Inc?
ChartMill assigns a technical rating of 1 / 10 to VIVO.CA.
Can you provide the trend direction for VIVO Cannabis Inc?
The current trend direction for VIVO Cannabis Inc (VIVO.CA) is Bearish.
What is the RSI signal for VIVO Cannabis Inc (VIVO.CA) stock?
VIVO Cannabis Inc (VIVO.CA) has an RSI value of 56.4967. This indicates that the stock is currently neutral.
What is the short term momentum for VIVO Cannabis Inc (VIVO.CA) stock?
The short term momentum for VIVO Cannabis Inc (VIVO.CA) is neutral.
What is the support and resistance level for VIVO stock?
VIVO Cannabis Inc (VIVO.CA) has a support level at 0.02 and a resistance level at 0.03. Check the full technical report for our detailed analysis of VIVO.CA support and resistance levels.