VLA Technical Analysis - VALNEVA SE

Technical Rating and Analysis

Taking everything into account, VLA scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month VLA has a been trading in the 4.08 - 5.33 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that VLA is one of the better performing stocks in the market, outperforming 94% of all stocks.

VLA is part of the Biotechnology industry. There are 76 other stocks in this industry. VLA outperforms 88% of them.

VLA has an average volume of 1670450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

VLA 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

2.72

5.12

We found 2 important support areas.

A support zone ranging from 4.06 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.75 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @5.07 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 VLA.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VLA.PA is down.
ChartMill Relative Strength	94.14	POSITIVE	VLA.PA has a high relative strength, it outperformed 94.14% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VLA.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VLA.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VLA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.85	NEUTRAL	The RSI value for VLA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests VLA.PA has a negative trend.
Stochastics (14,3)	6.59	OVERSOLD	The low Stochastics value suggests VLA.PA may be oversold.
Average True Range in percent/ATR (20)	6.22	HIGH VOLATILITY	The high ATR as a percentage value for VLA.PA suggests high volalility.
Average Directional Index/ADX (14)	20.05	NEUTRAL	The ADX value for VLA.PA suggests a possible start of a new trend.