VLRS Technical Analysis - CONTROLADORA VUELA CIA-ADR

Technical Rating and Analysis

Taking everything into account, VLRS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VLRS has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

In the last month VLRS has a been trading in the 5.88 - 7.34 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that VLRS is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

VLRS is part of the Passenger Airlines industry. There are 21 other stocks in this industry, VLRS did better than 65% of them.

VLRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VLRS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CONTROLADORA VUELA CIA-ADR / VLRS Weekly stock chart

CONTROLADORA VUELA CIA-ADR / VLRS Daily stock chart

Setup Rating and Analysis

Although VLRS has an excellent technical rating, the quality of the presented setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.14

8.84

When analyzing the support we can see 3 important areas.

Support @6.70 from a trend line in the daily time frame.
Support @5.91 from a horizontal line in the daily time frame.
Support @5.19 from a trend line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 7.15 to 7.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @8.58 from a trend line in the weekly time frame.
Resistance @8.75 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 VLRS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for VLRS is up.
ChartMill Relative Strength	84.72	POSITIVE	VLRS has a high relative strength, it outperformed 84.72% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VLRS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of VLRS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of VLRS is above a declining SMA(200).
Relative Strength Index/RSI (14)	61.81	NEUTRAL	The RSI value for VLRS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests VLRS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.62	NEUTRAL	The Stochastics value for VLRS is a neutral value.
Average True Range in percent/ATR (20)	3.31	MEDIUM VOLATILITY	The ATR as a percentage value for VLRS suggests some volalility.
Average Directional Index/ADX (14)	33.01	POSITIVE	The high ADX value value for VLRS suggests a strong trend.