Viemed Healthcare Inc (VMD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:VMD - CA92663R1055 - Common Stock
Taking everything into account, VMD scores 4 out of 10 in our technical rating. VMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- VMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, VMD outperforms 67% of them, which is more or less in line with the market.
- VMD is an average performer in the Health Care Providers & Services industry, it outperforms 64% of 15 stocks in the same industry.
- In the last month VMD has a been trading in the 9.52 - 11.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
VMD has only a medium 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 a resistance zone just above the current price starting at 10.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VMD 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
8.64
3 important support areas can be observed.
- A support zone ranging from 10.17 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.89 to 9.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.73 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.92 to 11.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.42 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 | NEUTRAL | NEUTRAL | The long term trend for VMD.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VMD.CA is neutral. |
| ChartMill Relative Strength | 67.76 | NEUTRAL | VMD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VMD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VMD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VMD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for VMD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests VMD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.99 | NEUTRAL | The Stochastics value for VMD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for VMD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.75 | POSITIVE | The high ADX value value for VMD.CA suggests a strong trend. |
TSX:VMD (12/21/2023, 7:00:00 PM)
10.45
+0.29 (+2.85%)
Viemed Healthcare Inc / VMD.CA FAQ
What is the ChartMill technical rating of Viemed Healthcare Inc (VMD.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to VMD.CA.
Can you provide the trend direction for Viemed Healthcare Inc?
The current trend direction for Viemed Healthcare Inc (VMD.CA) is Bearish.
Can you provide the RSI signal for Viemed Healthcare Inc?
Viemed Healthcare Inc (VMD.CA) has an RSI value of 51.6266. This indicates that the stock is currently neutral.
What is the MACD signal for Viemed Healthcare Inc (VMD.CA) stock?
The MACD indicator for Viemed Healthcare Inc (VMD.CA) has a value of -0.0813159, indicating a bearish trend.
Can you provide the support and resistance levels for Viemed Healthcare Inc?
Viemed Healthcare Inc (VMD.CA) has a support level at 10.36 and a resistance level at 10.92. Check the full technical report for our detailed analysis of VMD.CA support and resistance levels.