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VELODYNE LIDAR I -CW25 (VLDRW) Stock Technical Analysis

NASDAQ:VLDRW - Nasdaq - - Currency: USD

0.32  -0.02 (-5.6%)

Technical Rating and Analysis

1

Overall VLDRW gets a technical rating of 1 out of 10. VLDRW'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.
97% of all other stocks performed better in the past year than VLDRW.
VLDRW 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.
Warning: VLDRW has an average volume of 12410 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month VLDRW has a been trading in the 0.25 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
VELODYNE LIDAR I    -CW25 / VLDRW Weekly stock chart
VELODYNE LIDAR I    -CW25 / VLDRW Daily stock chart
Setup Rating and Analysis

3

The technical rating of VLDRW is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

0.26

0.43

We found 2 important support areas.

  • Support @0.28 from a trend line in the daily time frame.
  • Support @0.26 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

  • A resistance zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @0.39 from a trend line in the daily time frame.
  • Resistance @0.43 from a trend line in the daily time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for VLDRW is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for VLDRW is neutral.
ChartMill Relative Strength3.31NEGATIVEVLDRW has a low relative strength, it was outperformed by 96.69% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of VLDRW is below the rising SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of VLDRW is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of VLDRW is below a declining SMA(200).
Relative Strength Index/RSI (14)48.45NEUTRALThe RSI value for VLDRW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests VLDRW has a positive trend, although the MACD value is declining.
Stochastics (14,3)40.35NEUTRALThe Stochastics value for VLDRW is a neutral value.
Average True Range in percent/ATR (20)12.4HIGH VOLATILITYThe high ATR as a percentage value for VLDRW suggests high volalility.
Average Directional Index/ADX (14)17.87NEGATIVEThe low ADX value for VLDRW suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
VELODYNE LIDAR I    -CW25 / VLDRW Daily stock chart

VELODYNE LIDAR I -CW25

NASDAQ:VLDRW (2/10/2023, 8:00:02 PM)

0.32

-0.02 (-5.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.6%
1 Week-2.62%
2 Weeks-17.95%
1 Month6.67%
3 Month-34.41%
6 Month-46.45%
12 Month-75.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%12.4%
ATR Inc16.3%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.31
Mansfield-4.31
10 Day High0.45
10 Day Low0.28
20 Day High0.45
20 Day Low0.25
52 Week High1.69
52 Week Low0.25
CS1 End0.28
CR1 Start0.33
Volume & EV
DER(3)-53.6%
DER(5)-42.15%
Volume3.10K
Volume Incr-61.75%
Vol(5)5.32K
Vol(50)12.41K