CONTROLADORA VUELA CIA-ADR (VLRS) Stock Technical Analysis
NYSE:VLRS • US21240E1055
Overall VLRS gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VLRS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- VLRS is part of the Passenger Airlines industry. There are 22 other stocks in this industry. VLRS outperforms 80% of them.
- VLRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VLRS is lagging the market slightly.
- VLRS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, VLRS did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
VLRS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for VLRS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.64
We found 3 important support areas.
- A support zone ranging from 8.70 to 8.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.52 to 7.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @10.64 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 VLRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLRS is up. |
| ChartMill Relative Strength | 91.13 | POSITIVE | VLRS has a high relative strength, it outperformed 91.13% 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) | UP | POSITIVE | The current price of VLRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for VLRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VLRS has a negative trend. |
| Stochastics (14,3) | 52.97 | NEUTRAL | The Stochastics value for VLRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for VLRS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.32 | POSITIVE | The high ADX value value for VLRS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.65 | 9.96 | 0.70 (6.53%) | 15.32% |
| An entry @10.65. This is a Buy Stop order right above the resistance zone. | An exit @9.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.70 points, which is 6.53%. | When investing 15.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.15
+0.08 (+0.79%)
CONTROLADORA VUELA CIA-ADR / VLRS FAQ
Can you provide the ChartMill technical rating for CONTROLADORA VUELA CIA-ADR?
ChartMill assigns a technical rating of 9 / 10 to VLRS.
What is the trend direction for VLRS stock?
The current trend direction for CONTROLADORA VUELA CIA-ADR (VLRS) is Bullish.
What is the RSI signal for VLRS stock?
CONTROLADORA VUELA CIA-ADR (VLRS) has an RSI value of 59.2515. This indicates that the stock is currently neutral.
What is the MACD signal for VLRS stock?
The MACD indicator for CONTROLADORA VUELA CIA-ADR (VLRS) has a value of -0.0434281, indicating a bearish trend.
What are the support and resistance levels for CONTROLADORA VUELA CIA-ADR (VLRS) stock?
CONTROLADORA VUELA CIA-ADR (VLRS) has a support level at 8.71 and a resistance level at 10.64. Check the full technical report for our detailed analysis of VLRS support and resistance levels.