8.45 USD
-0.3 (-3.43%)
8.4577 USD
+0.01 (+0.09%)
Taking everything into account, VNET scores 4 out of 10 in our technical rating. 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.
Looking at the yearly performance, VNET did better than 94% of all other stocks. We also observe that the gains produced by VNET over the past year are nicely spread over this period.
VNET is part of the IT Services industry. There are 85 other stocks in this industry. VNET outperforms 96% of them.
VNET has an average volume of 4255110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 7.68 - 9.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VNET has an average technical rating and it also does not offer a high quality setup 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
7.11
11.35
We found 4 important support areas.
- Support @8.38 from a horizontal line in the weekly time frame.
- Support @8.21 from a horizontal line in the daily time frame.
- Support @7.85 from a trend line in the weekly time frame.
- Support @7.18 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- Resistance @8.46 from a trend line in the daily time frame.
- A resistance zone ranging from 8.88 to 9.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.19 to 9.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.53 from a horizontal line in the daily time frame.
- Resistance @11.24 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 VNET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VNET is down. |
| ChartMill Relative Strength | 94.97 | POSITIVE | VNET has a high relative strength, it outperformed 94.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VNET is below a declining 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) | DOWN | MIXED | The current price of VNET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.77 | NEUTRAL | The RSI value for VNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VNET has a negative trend. |
| Stochastics (14,3) | 28.86 | NEUTRAL | The Stochastics value for VNET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for VNET suggests high volalility. |
| Average Directional Index/ADX (14) | 12.97 | 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)
8.45
-0.3 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.43%
1 Week-7.04%
2 Weeks-4.95%
1 Month-2.48%
3 Month-12.25%
6 Month54.2%
12 Month137.36%
2 Year194.43%
3 Year49.03%
5 Year-75.64%
10 Year-60.03%
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.14%
ATR Inc52.51%
Range Today0.57
ADR(20)0.49
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.97
3 months CRS21.36
6 months CRS92.08
Mansfield-0.35
10 Day High9.57
10 Day Low8.31
20 Day High9.57
20 Day Low7.68
52 Week High16.13
52 Week Low3.52
CS1 End8.38
CR1 Start8.46
Volume & EV
DER(3)-0.93%
DER(5)-0.8%
Volume6.38M
Volume Incr5.01%
Vol(5)4.09M
Vol(50)4.26M
VNET GROUP INC-ADR / VNET FAQ
What is the ChartMill technical rating of VNET GROUP INC-ADR (VNET) stock?
ChartMill assigns a technical rating of 4 / 10 to VNET.
Can you provide the trend direction for VNET GROUP INC-ADR?
The current trend direction for VNET GROUP INC-ADR (VNET) is Bearish.
What is the RSI signal for VNET stock?
VNET GROUP INC-ADR (VNET) has an RSI value of 39.7665. This indicates that the stock is currently neutral.
What is the short term momentum for VNET stock?
The short term momentum for VNET GROUP INC-ADR (VNET) is negative.