VELAN INC (VLN.CA) Stock Technical Analysis
TSX:VLN - CA9229321083 - Common Stock
15.605 CAD
+0.36 (+2.33%)
Taking everything into account, VLN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VLN is showing a nice and steady performance.
Warning: VLN has an average volume of 10295 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VLN is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, VLN also shows a nice and consistent pattern of rising prices.
VLN is part of the Machinery industry. There are 20 other stocks in this industry. VLN outperforms 94% of them.
VLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VLN is lagging the market slightly.
In the last month VLN has a been trading in the 14.16 - 15.61 range, which is quite wide. It is currently trading near the high of this range.
Although VLN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.43
17.98
4 important support areas can be observed.
- A support zone ranging from 14.66 to 15.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.37 from a trend line in the weekly time frame.
- Support @13.99 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.57 to 13.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.40 to 17.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 17.79 to 17.80. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for VLN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLN.CA is up. |
| ChartMill Relative Strength | 90.17 | POSITIVE | VLN.CA has a high relative strength, it outperformed 90.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VLN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VLN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.4 | OVERBOUGHT | The high RSI value suggests VLN.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests VLN.CA has a positive trend. |
| Stochastics (14,3) | 85.16 | OVERBOUGHT | The high Stochastics value suggests VLN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for VLN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for VLN.CA suggests a weak or negative 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)
TSX:VLN (9/3/2025, 7:00:00 PM)
15.605
+0.36 (+2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg2.33%
1 Week3.69%
2 Weeks7.77%
1 Month4.03%
3 Month10.2%
6 Month15%
12 Month144.98%
2 Year40.97%
3 Year158.36%
5 Year196.11%
10 Year-6.28%
15 Year10.67%
Volatility
ATR(14)0.27
ATR(20)%1.82%
ATR Inc3.67%
Range Today0.29
ADR(20)0.26
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.17
Mansfield0.52
10 Day High15.61
10 Day Low14.45
20 Day High15.61
20 Day Low14.16
52 Week High18
52 Week Low6.34
CS1 End15
CR1 Start17.4
Volume & EV
DER(3)-3.02%
DER(5)-1.47%
Volume19.62K
Volume Incr30.59%
Vol(5)9.69K
Vol(50)10.30K