VANECK VIETNAM ETF (VNM) Stock Technical Analysis
NYSEARCA:VNM - US92189F8178 - ETF
18.25 USD
+0.11 (+0.61%)
18.25 USD
0 (0%)
Overall VNM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VNM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VNM is one of the better performing stocks in the market, outperforming 88% of all stocks.
VNM is part of the Automobile Components industry. There are 80 other stocks in this industry. VNM outperforms 81% of them.
VNM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month VNM has a been trading in the 16.78 - 18.35 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although VNM 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
11.29
18.50
5 important support areas can be observed.
- A support zone ranging from 17.66 to 17.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.22 from a horizontal line in the daily time frame.
- A support zone ranging from 16.15 to 16.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.57 from a trend line in the weekly time frame.
- Support @11.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.29 to 18.32. 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 VNM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNM is up. |
| ChartMill Relative Strength | 88.98 | POSITIVE | VNM has a high relative strength, it outperformed 88.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.88 | NEUTRAL | The RSI value for VNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VNM has a negative trend. |
| Stochastics (14,3) | 90.36 | OVERBOUGHT | The high Stochastics value suggests VNM may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for VNM suggests low volalility. |
| Average Directional Index/ADX (14) | 42.24 | POSITIVE | The high ADX value value for VNM 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)
18.25
+0.11 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.61%
1 Week1.61%
2 Weeks1.96%
1 Month9.48%
3 Month33.8%
6 Month47.18%
12 Month45.19%
2 Year34.79%
3 Year37.22%
5 Year22.9%
10 Year17.89%
15 Year-25.36%
Volatility
ATR(14)0.26
ATR(20)%1.44%
ATR Inc-25.16%
Range Today0.1
ADR(20)0.18
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.98
Mansfield2.91
10 Day High18.35
10 Day Low17.07
20 Day High18.35
20 Day Low16.78
52 Week High18.35
52 Week Low10.1
CS1 End17.88
CR1 Start18.29
Volume & EV
DER(3)-1.69%
DER(5)2%
Volume344.55K
Volume Incr-28.92%
Vol(5)458.41K
Vol(50)800.47K