VANECK VIETNAM ETF (VNM) Stock Technical Analysis
NYSEARCA:VNM - NYSE Arca - US92189F8178 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to VNM. Both in the recent history as in the last year, VNM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
VNM is one of the better performing stocks in the Automobile Components industry, it outperforms 84% of 80 stocks in the same industry.
VNM is currently making a new 52 week high. This is a strong signal. 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 13.32 - 15.72 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, VNM did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although VNM has an excellent technical rating, it does not present a decent entry opportunity 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
12.16
15.84
3 important support areas can be observed.
- A support zone ranging from 15.04 to 15.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.36 to 14.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.59 to 15.68. 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 | 85.24 | POSITIVE | VNM has a high relative strength, it outperformed 85.24% 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) | 78.14 | OVERBOUGHT | The high RSI value suggests VNM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests VNM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.63 | OVERBOUGHT | The high Stochastics value suggests VNM may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for VNM suggests low volalility. |
| Average Directional Index/ADX (14) | 42.72 | 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)
15.575
-0.1 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.61%
1 Week2.33%
2 Weeks11.57%
1 Month16.58%
3 Month32.78%
6 Month36.86%
12 Month29.25%
2 Year3.49%
3 Year5.74%
5 Year13.69%
10 Year-15.21%
15 Year-37.92%
Volatility
ATR(14)0.24
ATR(20)%1.36%
ATR Inc5.96%
Range Today0.19
ADR(20)0.16
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.24
Mansfield1.64
10 Day High15.72
10 Day Low14.02
20 Day High15.72
20 Day Low13.32
52 Week High15.72
52 Week Low10.1
CS1 End15.09
CR1 Start15.59
Volume & EV
DER(3)0.69%
DER(5)-5.06%
Volume886.80K
Volume Incr11.43%
Vol(5)921.80K
Vol(50)701.10K