VOLCON INC (VLCN) Stock Technical Analysis
NASDAQ:VLCN - Nasdaq - US92864V5093 - Common Stock - Currency: USD
Overall VLCN gets a technical rating of 6 out of 10. VLCN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
VLCN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month VLCN has a been trading in the 6.50 - 44.09 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, VLCN turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
VLCN is part of the Automobiles industry. There are 37 other stocks in this industry, VLCN did better than 55% of them.
VLCN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
13.26
21.20
When analyzing the support we notice one important area.
- A support zone ranging from 13.39 to 13.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @20.21 from a trend line in the daily time frame.
- Resistance @20.99 from a trend 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 VLCN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLCN is up. |
| ChartMill Relative Strength | 46.62 | NEUTRAL | VLCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VLCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VLCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.32 | NEUTRAL | The RSI value for VLCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests VLCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.67 | OVERSOLD | The low Stochastics value suggests VLCN may be oversold. |
| Average True Range in percent/ATR (20) | 22.9 | HIGH VOLATILITY | The high ATR as a percentage value for VLCN suggests high volalility. |
| Average Directional Index/ADX (14) | 49.33 | POSITIVE | The high ADX value value for VLCN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13.4
-0.17 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.25%
1 Week-21.68%
2 Weeks64.65%
1 Month99.4%
3 Month99.64%
6 Month-52.41%
12 Month-91.85%
2 Year-100%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.19
ATR(20)%22.9%
ATR Inc-52.6%
Range Today2.91
ADR(20)2.38
ADR(20)%17.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.62
Mansfield-6.43
10 Day High44.09
10 Day Low7.16
20 Day High44.09
20 Day Low6.5
52 Week High163.84
52 Week Low4.4
CS1 End13.39
CR1 Start20.21
Volume & EV
DER(3)-0.77%
DER(5)-1.23%
Volume990.90K
Volume Incr-63.98%
Vol(5)584.78K
Vol(50)840.37K