VNET GROUP INC-ADR (VNET) Stock Technical Analysis
NASDAQ:VNET - US90138A1034 - ADR
8.29 USD
+0.95 (+12.94%)
8.35 USD
+0.06 (+0.72%)
Overall VNET gets a technical rating of 9 out of 10. Both in the recent history as in the last year, VNET has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that VNET is one of the better performing stocks in the market, outperforming 98% of all stocks.
VNET is one of the better performing stocks in the IT Services industry, it outperforms 95% of 83 stocks in the same industry.
VNET has an average volume of 6362910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VNET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VNET is lagging the market.
In the last month VNET has a been trading in the 7.17 - 8.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although VNET has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.01
9.14
We found 4 important support areas.
- A support zone ranging from 7.47 to 7.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.33 from a horizontal line in the daily time frame.
- Support @6.28 from a trend line in the daily time frame.
- A support zone ranging from 6.07 to 6.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.01 to 9.05. 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 | UP | POSITIVE | The long term trend for VNET is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VNET is neutral. |
| ChartMill Relative Strength | 98.45 | POSITIVE | VNET has a high relative strength, it outperformed 98.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VNET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.85 | NEUTRAL | The RSI value for VNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests VNET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.81 | NEUTRAL | The Stochastics value for VNET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for VNET suggests high volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for VNET 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)
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 |
|---|---|---|---|
| 9.06 | 7.46 | 1.60 (17.66%) | 5.66% |
| An entry @9.06. This is a Buy Stop order right above the resistance zone. | An exit @7.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.60 points, which is 17.66%. | When investing 5.66% 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.
8.29
+0.95 (+12.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg12.94%
1 Week6.69%
2 Weeks3.88%
1 Month0.36%
3 Month38.51%
6 Month-43.18%
12 Month294.76%
2 Year121.07%
3 Year54.95%
5 Year-64.28%
10 Year-53.4%
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%6.56%
ATR Inc111.17%
Range Today1.32
ADR(20)0.49
ADR(20)%5.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.45
Mansfield2.2
10 Day High8.73
10 Day Low7.27
20 Day High8.78
20 Day Low7.17
52 Week High16.13
52 Week Low2
CS1 End7.56
CR1 Start9.01
Volume & EV
DER(3)-0.21%
DER(5)-0.42%
Volume9.46M
Volume Incr31.43%
Vol(5)6.15M
Vol(50)6.36M