VELAN INC (VLN.CA) Stock Technical Analysis
Canada - TSX:VLN - CA9229321083 - Common Stock
15.7 CAD
0 (0%)
We assign a technical rating of 10 out of 10 to VLN. VLN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: VLN has an average volume of 9029 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VLN is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, VLN also shows a nice and consistent pattern of rising prices.
VLN is one of the better performing stocks in the Machinery industry, it outperforms 90% of 23 stocks in the same industry.
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.
VLN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
VLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.30, a Stop Loss order could be placed below this zone.
More info and screens
13.43
17.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.08 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.46 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.78 to 15.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.40 to 17.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 17.79 to 17.79. 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 | 81.5 | POSITIVE | VLN.CA has a high relative strength, it outperformed 81.5% 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) | 56.72 | NEUTRAL | The RSI value for VLN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VLN.CA has a negative trend. |
| Stochastics (14,3) | 74.16 | NEUTRAL | The Stochastics value for VLN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for VLN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for VLN.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.90 | 15.15 | 0.75 (4.72%) | 21.20% |
| An entry @15.90. This is a Buy Stop order right above the resistance zone. | An exit @15.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.75 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.20% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:VLN (9/24/2025, 7:00:00 PM)
15.7
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0%
1 Week-0.95%
2 Weeks0.38%
1 Month4.67%
3 Month9.03%
6 Month-3.68%
12 Month83.41%
2 Year41.82%
3 Year159.93%
5 Year197.91%
10 Year-5.71%
15 Year11.35%
Volatility
ATR(14)0.29
ATR(20)%1.73%
ATR Inc-33.57%
Range Today0.1
ADR(20)0.24
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.5
Mansfield-0.01
10 Day High16.02
10 Day Low15.16
20 Day High16.02
20 Day Low14.91
52 Week High18
52 Week Low8
CS1 End15.3
CR1 Start15.78
Volume & EV
DER(3)-4.03%
DER(5)0.21%
Volume19.40K
Volume Incr49.39%
Vol(5)11.75K
Vol(50)9.03K