VISION MARINE TECHNOLOGIES (VMAR) Stock Technical Analysis
NASDAQ:VMAR - Nasdaq - CA92840Q3017 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to VMAR. Recently some decent action could be observed, but in the medium term time frame this is still negative. VMAR was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
97% of all other stocks performed better in the past year than VMAR.
VMAR is one of the lesser performing stocks in the Leisure Products industry. 93% of 30 stocks in the same industry do better.
VMAR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so VMAR is lagging the market.
In the last month VMAR has a been trading in the 5.50 - 7.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
VMAR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for VMAR 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
6.08
7.21
When analyzing the support we notice one important area.
- A support zone ranging from 6.14 to 6.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @6.98 from a horizontal line in the weekly time frame.
- Resistance @7.14 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 | DOWN | NEGATIVE | The long term trend for VMAR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VMAR is neutral. |
| ChartMill Relative Strength | 3.04 | NEGATIVE | VMAR has a low relative strength, it was outperformed by 96.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VMAR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VMAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VMAR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for VMAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests VMAR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.74 | OVERSOLD | The low Stochastics value suggests VMAR may be oversold. |
| Average True Range in percent/ATR (20) | 9.08 | HIGH VOLATILITY | The high ATR as a percentage value for VMAR suggests high volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for VMAR suggests a weak or negative 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)
6.4
+0.19 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg3.06%
1 Week-3.03%
2 Weeks-4.56%
1 Month1.43%
3 Month-25.58%
6 Month-76.3%
12 Month-99.23%
2 Year-99.87%
3 Year-99.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%9.08%
ATR Inc-36.75%
Range Today0.29
ADR(20)0.57
ADR(20)%8.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.04
Mansfield-9.68
10 Day High7.4
10 Day Low5.98
20 Day High7.61
20 Day Low5.5
52 Week High1025.33
52 Week Low4.04
CS1 End6.23
CR1 Start6.98
Volume & EV
DER(3)10.63%
DER(5)2.74%
Volume23.30K
Volume Incr-45.11%
Vol(5)19.86K
Vol(50)168.76K