CONTROLADORA VUELA CIA-ADR (VLRS) Stock Technical Analysis
USA - NYSE:VLRS - US21240E1055 - ADR
6.04 USD
-0.2 (-3.21%)
6.04 USD
0 (0%)
Taking everything into account, VLRS scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VLRS is only an average performer.
VLRS is part of the Passenger Airlines industry. There are 21 other stocks in this industry, of which 85% are performing better than VLRS.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month VLRS has a been trading in the 5.70 - 6.32 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the yearly performance of all stocks, we notice that VLRS is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Besides having an excellent technical rating, VLRS 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. 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
4.57
8.84
We found 3 important support areas.
- Support @5.91 from a horizontal line in the daily time frame.
- Support @4.97 from a trend line in the daily time frame.
- Support @4.62 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.05 to 6.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.61 from a trend line in the weekly time frame.
- Resistance @8.75 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 | 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 | 70.98 | POSITIVE | VLRS has a high relative strength, it outperformed 70.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VLRS is below 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) | 53.83 | NEUTRAL | The RSI value for VLRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VLRS has a negative trend. |
| Stochastics (14,3) | 68.04 | NEUTRAL | The Stochastics value for VLRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for VLRS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for VLRS 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)
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 |
|---|---|---|---|
| 6.26 | 5.90 | 0.36 (5.75%) | 17.39% |
| An entry @6.26. This is a Buy Stop order right above the resistance zone. | An exit @5.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.36 points, which is 5.75%. | When investing 17.39% 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.
6.04
-0.2 (-3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-3.21%
1 Week-1.79%
2 Weeks-2.11%
1 Month3.42%
3 Month35.12%
6 Month9.22%
12 Month-7.08%
2 Year-11.05%
3 Year-13.59%
5 Year-16.23%
10 Year-59.52%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%3.05%
ATR Inc-12.26%
Range Today0.21
ADR(20)0.18
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.98
Mansfield-1.25
10 Day High6.32
10 Day Low5.88
20 Day High6.32
20 Day Low5.7
52 Week High9
52 Week Low3.49
CS1 End5.91
CR1 Start6.05
Volume & EV
DER(3)5.38%
DER(5)4.01%
Volume338.00K
Volume Incr7.01%
Vol(5)455.48K
Vol(50)656.01K