VELAN INC (VLN.CA) Stock Technical Analysis
TSX:VLN - Toronto Stock Exchange - CA9229321083 - Common Stock - Currency: CAD
Taking everything into account, VLN scores 8 out of 10 in our technical rating. In the last year, VLN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Warning: VLN has an average volume of 17189 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!
Looking at the yearly performance, VLN did better than 90% of all other 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 78% of 20 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.
In the last month VLN has a been trading in the 13.85 - 15.25 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
VLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 14.15, a Stop Loss order could be placed below this zone.
More info and screens
5.50
17.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.57 to 14.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.56 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @15.26 from a horizontal line in the daily time frame.
- Resistance @17.12 from a horizontal line in the weekly time frame.
- Resistance @17.40 from a horizontal line in the weekly time frame.
- Resistance @17.79 from a horizontal 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 | 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 | 90.22 | POSITIVE | VLN.CA has a high relative strength, it outperformed 90.22% 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) | DOWN | NEGATIVE | The current price of VLN.CA is below a declining 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) | 55.09 | NEUTRAL | The RSI value for VLN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests VLN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.57 | OVERBOUGHT | The high Stochastics value suggests VLN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for VLN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.12 | 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 |
|---|---|---|---|
| 15.27 | 13.88 | 1.39 (9.10%) | 10.99% |
| An entry @15.27. This is a Buy Stop order right above the resistance zone. | An exit @13.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.39 points, which is 9.10%. | When investing 10.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (7/21/2025, 7:00:00 PM)
14.95
+0.09 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.61%
1 Week1.91%
2 Weeks3.53%
1 Month6.63%
3 Month-11.43%
6 Month-14.08%
12 Month135.43%
2 Year18.75%
3 Year102.03%
5 Year167.92%
10 Year-19.62%
15 Year3.1%
Volatility
ATR(14)0.46
ATR(20)%2.65%
ATR Inc-41.48%
Range Today0.14
ADR(20)0.33
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.22
Mansfield1.02
10 Day High15.25
10 Day Low13.89
20 Day High15.25
20 Day Low13.85
52 Week High18
52 Week Low5.84
CS1 End14.15
CR1 Start15.26
Volume & EV
DER(3)1.39%
DER(5)-7.37%
Volume3.90K
Volume Incr-37.84%
Vol(5)9.02K
Vol(50)17.19K