VOLCON INC (VLCN) Technical Analysis
NASDAQ:VLCN • US92864V5093
Current stock price
VLCN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to VLCN. In the past year, VLCN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, VLCN is a bad performer in the overall market: 85% of all stocks are doing better.
- VLCN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so VLCN is lagging the market.
- 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.
- VLCN is part of the Automobiles industry. There are 35 other stocks in this industry, VLCN did better than 50% of them.
- Considerably lower volume is observed in the last couple of days.
VLCN Weekly and Daily overview Charts
VLCN Setup Rating and Analysis
Although the technical rating is only medium, VLCN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for VLCN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
VLCN Support and Resistance Analysis
10.46
When analyzing the resistance we notice 2 important areas.
- Resistance @19.52 from a trend line in the daily time frame.
- Resistance @20.45 from a trend line in the daily time frame.
VLCN 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 VLCN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VLCN is neutral. |
| ChartMill Relative Strength | 15.64 | NEGATIVE | VLCN has a low relative strength, it was outperformed by 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VLCN is below 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) | 49.57 | NEUTRAL | The RSI value for VLCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests VLCN has a negative trend. |
| Stochastics (14,3) | 12.3 | OVERSOLD | The low Stochastics value suggests VLCN may be oversold. |
| Average True Range in percent/ATR (20) | 30.5 | HIGH VOLATILITY | The high ATR as a percentage value for VLCN suggests high volalility. |
| Average Directional Index/ADX (14) | 50.09 | POSITIVE | The high ADX value value for VLCN suggests a strong trend. |
VLCN Chart- and CandleStick Pattern Analysis
VLCN Technicals: Chart, Performance Metrics, Trend & Indicators
10.57
-1.67 (-13.64%)
VOLCON INC / VLCN TA FAQ
What is the technical rating for VLCN stock?
ChartMill assigns a technical rating of 4 / 10 to VLCN.
Can you provide the trend direction for VOLCON INC?
The current trend direction for VOLCON INC (VLCN) is Bearish.
What is the RSI signal for VOLCON INC (VLCN) stock?
VOLCON INC (VLCN) has an RSI value of 49.5692. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for VOLCON INC?
VOLCON INC (VLCN) has a resistance level at 19.52. Check the full technical report for our detailed analysis of VLCN support and resistance levels.