VELAN INC (VLN.CA) Stock Technical Analysis
TSX:VLN - Toronto Stock Exchange - CA9229321083 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to VLN. Although VLN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month VLN has a been trading in the 14.20 - 15.25 range, which is quite wide. It is currently trading near the lows of this range.
Warning: VLN has an average volume of 11928 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, VLN did better than 88% of all other stocks.
VLN is part of the Machinery industry. There are 20 other stocks in this industry. VLN outperforms 89% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
VLN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VLN is lagging the market.
VLN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
13.43
17.97
3 important support areas can be observed.
- A support zone ranging from 14.28 to 14.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 3 important areas.
- A resistance zone ranging from 14.78 to 15.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for VLN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VLN.CA is down. |
| ChartMill Relative Strength | 88.59 | POSITIVE | VLN.CA has a high relative strength, it outperformed 88.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VLN.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VLN.CA is above 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) | 44 | NEUTRAL | The RSI value for VLN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests VLN.CA has a negative trend. |
| Stochastics (14,3) | 29.21 | NEUTRAL | The Stochastics value for VLN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for VLN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.65 | 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 (8/13/2025, 7:00:00 PM)
14.5
+0.11 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.76%
1 Week-2.36%
2 Weeks-3.14%
1 Month0.28%
3 Month-15.3%
6 Month-3.53%
12 Month133.49%
2 Year40.78%
3 Year105.67%
5 Year160.32%
10 Year-17.47%
15 Year7.01%
Volatility
ATR(14)0.27
ATR(20)%2.06%
ATR Inc39.81%
Range Today0.26
ADR(20)0.27
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.59
Mansfield0.1
10 Day High15.16
10 Day Low14.2
20 Day High15.25
20 Day Low14.2
52 Week High18
52 Week Low6.15
CS1 End14.49
CR1 Start14.78
Volume & EV
DER(3)-6.68%
DER(5)-4.01%
Volume2.17K
Volume Incr-7.06%
Vol(5)10.42K
Vol(50)11.93K