VNET GROUP INC-ADR (VNET) Stock Technical Analysis
NASDAQ:VNET - Nasdaq - US90138A1034 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to VNET. Although VNET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that VNET is one of the better performing stocks in the market, outperforming 97% of all stocks.
VNET is part of the IT Services industry. There are 82 other stocks in this industry. VNET outperforms 95% of them.
VNET has an average volume of 8586030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
VNET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VNET is lagging the market slightly.
In the last month VNET has a been trading in the 5.17 - 7.56 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.
Although the technical rating is only medium, VNET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.04, a Stop Loss order could be placed below this zone.
More info and screens
4.77
6.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.95 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.48 from a trend line in the weekly time frame.
- Support @5.19 from a trend line in the daily time frame.
- Support @4.82 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.44 to 6.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.77 from a trend 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 VNET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VNET is down. |
| ChartMill Relative Strength | 97.85 | POSITIVE | VNET has a high relative strength, it outperformed 97.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VNET is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VNET is below a declining 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) | 45.92 | NEUTRAL | The RSI value for VNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VNET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.16 | NEUTRAL | The Stochastics value for VNET is a neutral value. |
| Average True Range in percent/ATR (20) | 9.41 | HIGH VOLATILITY | The high ATR as a percentage value for VNET suggests high volalility. |
| Average Directional Index/ADX (14) | 15.52 | 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)
6.05
-0.43 (-6.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-6.64%
1 Week1%
2 Weeks0.83%
1 Month11.62%
3 Month-58.53%
6 Month61.33%
12 Month237.99%
2 Year135.41%
3 Year7.08%
5 Year-58.56%
10 Year-66.5%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%9.41%
ATR Inc-25%
Range Today0.29
ADR(20)0.46
ADR(20)%7.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.85
Mansfield2.09
10 Day High7.56
10 Day Low5.6
20 Day High7.56
20 Day Low5.18
52 Week High16.13
52 Week Low1.71
CS1 End6.04
CR1 Start6.44
Volume & EV
DER(3)-6.98%
DER(5)-1.52%
Volume3.81M
Volume Incr-41.83%
Vol(5)3.94M
Vol(50)8.59M