VALLON PHARMACEUTICALS INC (VLON) Stock Technical Analysis
NASDAQ:VLON - Nasdaq - US92023M1018 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to VLON. VLON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, VLON is a bad performer in the overall market: 77% of all stocks are doing better.
VLON is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
VLON has an average volume of 8572580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
VLON is an average performer in the Pharmaceuticals industry, it outperforms 48% of 195 stocks in the same industry.
In the last month VLON has a been trading in the 0.32 - 0.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, VLON does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for VLON in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.26
0.40
When analyzing the support we can see 4 important areas.
- Support @0.38 from a trend line in the daily time frame.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.33 from a trend line in the daily time frame.
- Support @0.26 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 VLON is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VLON is neutral. |
| ChartMill Relative Strength | 23.1 | NEGATIVE | VLON has a low relative strength, it was outperformed by 76.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VLON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VLON is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VLON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.16 | NEUTRAL | The RSI value for VLON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VLON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.62 | NEUTRAL | The Stochastics value for VLON is a neutral value. |
| Average True Range in percent/ATR (20) | 15.59 | HIGH VOLATILITY | The high ATR as a percentage value for VLON suggests high volalility. |
| Average Directional Index/ADX (14) | 35.05 | POSITIVE | The high ADX value value for VLON 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)
0.4
-0.06 (-13.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-13.04%
1 Week10.5%
2 Weeks1.76%
1 Month-2.44%
3 Month36.75%
6 Month24.22%
12 Month-82.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%15.59%
ATR Inc44.34%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.1
Mansfield-1.12
10 Day High0.55
10 Day Low0.36
20 Day High0.55
20 Day Low0.32
52 Week High2.17
52 Week Low0.21
CS1 End0.38
CR1 StartN/A
Volume & EV
DER(3)3.97%
DER(5)2.79%
Volume1.11M
Volume Incr268.59%
Vol(5)1.55M
Vol(50)8.57M