VALENS SEMICONDUCTOR LTD (VLN) Stock Technical Analysis
NYSE:VLN - New York Stock Exchange, Inc. - IL0011796880 - Common Stock - Currency: USD
Taking everything into account, VLN scores 4 out of 10 in our technical rating. In the last year, VLN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month VLN has a been trading in the 2.29 - 3.34 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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, VLN turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
VLN is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 49% of 110 stocks in the same industry.
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 only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.37, a Stop Loss order could be placed below this zone.
More info and screens
1.73
3.35
When analyzing the support we can see 7 important areas.
- A support zone ranging from 2.37 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.22 from a trend line in the weekly time frame.
- Support @2.16 from a trend line in the daily time frame.
- Support @1.95 from a trend line in the weekly time frame.
- Support @1.84 from a horizontal line in the weekly time frame.
- Support @1.80 from a horizontal line in the daily time frame.
- Support @1.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.43 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.10 from a trend line in the daily time frame.
- Resistance @3.32 from a horizontal line in the weekly 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 is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VLN is down. |
| ChartMill Relative Strength | 54.38 | NEUTRAL | VLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VLN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.62 | NEUTRAL | The RSI value for VLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests VLN has a negative trend. |
| Stochastics (14,3) | 9.6 | OVERSOLD | The low Stochastics value suggests VLN may be oversold. |
| Average True Range in percent/ATR (20) | 8.43 | HIGH VOLATILITY | The high ATR as a percentage value for VLN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for VLN suggests a possible start of a new 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)
2.42
+0.04 (+1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.68%
1 Week-11.03%
2 Weeks-12%
1 Month-9.7%
3 Month1.26%
6 Month-0.82%
12 Month10.5%
2 Year-5.47%
3 Year-37.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.43%
ATR Inc-51.58%
Range Today0.11
ADR(20)0.2
ADR(20)%8.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.38
Mansfield-0.25
10 Day High3.34
10 Day Low2.29
20 Day High3.34
20 Day Low2.29
52 Week High3.5
52 Week Low1.67
CS1 End2.37
CR1 Start2.43
Volume & EV
DER(3)-6.58%
DER(5)-8.82%
Volume392.10K
Volume Incr-26.55%
Vol(5)726.35K
Vol(50)650.31K