Volta Inc (VLTA) Stock Technical Analysis
NYSE:VLTA - New York Stock Exchange, Inc. - US92873V1026 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to VLTA. Although VLTA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although the technical rating is only medium, VLTA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.85, a Stop Loss order could be placed below this zone.
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0.82
When analyzing the support we notice one important area.
- A support zone ranging from 0.83 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for VLTA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLTA is up. |
| ChartMill Relative Strength | 96.09 | POSITIVE | VLTA has a high relative strength, it outperformed 96.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VLTA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VLTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.89 | NEUTRAL | The RSI value for VLTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VLTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.65 | OVERBOUGHT | The high Stochastics value suggests VLTA may be overbought. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for VLTA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for VLTA suggests a weak or negative trend. |
0.859
0 (-0.01%)