VIVO Cannabis Inc (VIVO.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:VIVO - CA92845J1049 - Common Stock
Taking everything into account, VIVO scores 1 out of 10 in our technical rating. VIVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
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.
2 important resistance areas can be observed.
- 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.
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. |
TSX:VIVO (4/4/2023, 7:00:00 PM)
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VIVO Cannabis Inc / VIVO.CA 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.