VNET GROUP INC-ADR (VNET) Stock Technical Analysis
NASDAQ:VNET - Nasdaq - US90138A1034 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to VNET. VNET has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
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. 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 82 other stocks in this industry. VNET outperforms 93% of them.
In the last month VNET has a been trading in the 5.31 - 9.42 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
VNET has an average volume of 6535610 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VNET has an excellent technical rating, it 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
5.63
9.14
When analyzing the support we can see 2 important areas.
- Support @7.51 from a trend line in the daily time frame.
- A support zone ranging from 5.69 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance 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 | UP | POSITIVE | The short term trend for VNET is up. |
| ChartMill Relative Strength | 98.69 | POSITIVE | VNET has a high relative strength, it outperformed 98.69% 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) | 70.66 | OVERBOUGHT | The high RSI value suggests VNET may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests VNET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.58 | OVERBOUGHT | The high Stochastics value suggests VNET may be overbought. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for VNET suggests high volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for VNET suggests a strong 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)
9.01
+0.25 (+2.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.85%
1 Week13.33%
2 Weeks16.26%
1 Month65.63%
3 Month79.48%
6 Month60.89%
12 Month331.1%
2 Year203.37%
3 Year74.61%
5 Year-58.56%
10 Year-55.53%
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%6.33%
ATR Inc5.32%
Range Today0.55
ADR(20)0.52
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.69
Mansfield4.85
10 Day High9.42
10 Day Low6.82
20 Day High9.42
20 Day Low5.31
52 Week High16.13
52 Week Low1.71
CS1 End7.51
CR1 Start9.01
Volume & EV
DER(3)-8.27%
DER(5)-6.55%
Volume6.30M
Volume Incr64.31%
Vol(5)11.28M
Vol(50)6.54M