VNET GROUP INC-ADR (VNET) Stock Technical Analysis
NASDAQ:VNET - Nasdaq - US90138A1034 - ADR - Currency: USD
Taking everything into account, VNET scores 3 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
VNET is currently trading in the lower part 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.
In the last month VNET has a been trading in the 5.14 - 6.35 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, VNET did better than 95% of all other stocks.
VNET is one of the better performing stocks in the IT Services industry, it outperforms 90% of 82 stocks in the same industry.
VNET has an average volume of 6100500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of VNET is bad and it also does not present a 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
4.96
6.22
When analyzing the support we can see 2 important areas.
- Support @5.41 from a trend line in the daily time frame.
- A support zone ranging from 5.01 to 5.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.49 to 5.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 5.68 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.85 to 5.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.16 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 VNET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VNET is down. |
| ChartMill Relative Strength | 95.84 | POSITIVE | VNET has a high relative strength, it outperformed 95.84% 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) | UP | MIXED | The current price of VNET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | 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) | 23.7 | NEUTRAL | The Stochastics value for VNET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for VNET suggests high volalility. |
| Average Directional Index/ADX (14) | 9.97 | 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)
5.48
+0.04 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.74%
1 Week-5.19%
2 Weeks-9.12%
1 Month-15.43%
3 Month-37.08%
6 Month53.93%
12 Month167.32%
2 Year88.97%
3 Year-9.27%
5 Year-77.03%
10 Year-73.29%
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%5.49%
ATR Inc-32.69%
Range Today0.16
ADR(20)0.26
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.84
Mansfield0.25
10 Day High6.35
10 Day Low5.36
20 Day High6.35
20 Day Low5.15
52 Week High16.13
52 Week Low1.71
CS1 End5.41
CR1 Start5.49
Volume & EV
DER(3)0.5%
DER(5)2.37%
Volume5.24M
Volume Incr-20.24%
Vol(5)3.34M
Vol(50)6.10M