VELAN INC (VLN.CA) Stock Technical Analysis
TSX:VLN - Toronto Stock Exchange - CA9229321083 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to VLN. VLN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month VLN has a been trading in the 14.44 - 17.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: VLN has an average volume of 12349 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that VLN is one of the better performing stocks in the market, outperforming 94% 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 95% of 21 stocks in the same industry.
VLN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VLN is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
VLN has an average technical rating and it also does not offer a high 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.
More info and screens
5.50
17.97
2 important support areas can be observed.
- A support zone ranging from 14.74 to 14.74. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.36 to 16.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for VLN.CA is down. |
| ChartMill Relative Strength | 94.31 | POSITIVE | VLN.CA has a high relative strength, it outperformed 94.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VLN.CA is below a declining 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) | 36.52 | NEUTRAL | The RSI value for VLN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests VLN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.89 | OVERSOLD | The low Stochastics value suggests VLN.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for VLN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.52 | 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)
TSX:VLN (6/4/2025, 7:00:00 PM)
14.75
-0.2 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.34%
1 Week-6.35%
2 Weeks-15.23%
1 Month-9.51%
3 Month8.7%
6 Month41.55%
12 Month156.52%
2 Year15.69%
3 Year77.71%
5 Year150.85%
10 Year-30.88%
15 Year-0.07%
Volatility
ATR(14)0.77
ATR(20)%4.68%
ATR Inc-50.54%
Range Today0.4
ADR(20)0.66
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.31
Mansfield2.43
10 Day High17.3
10 Day Low14.44
20 Day High17.75
20 Day Low14.44
52 Week High18
52 Week Low5.76
CS1 End14.74
CR1 Start15.36
Volume & EV
DER(3)-3.01%
DER(5)-4.59%
Volume6.25K
Volume Incr-13.84%
Vol(5)16.51K
Vol(50)12.35K