VTEX Technical Analysis - VTEX -CLASS A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to VTEX. In the past year, VTEX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, VTEX is a bad performer in the overall market: 95% of all stocks are doing better.

VTEX is part of the IT Services industry. There are 87 other stocks in this industry, of which 76% are performing better than VTEX.

VTEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month VTEX has a been trading in the 3.92 - 4.70 range, which is quite wide. It is currently trading near the high of this range.

VTEX has an average volume of 1305940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of VTEX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.91

6.74

We found 1 important support area.

A support zone ranging from 3.95 to 3.96. This zone is formed by a combination of multiple trend lines in the daily time frame.

4 important resistance areas can be observed.

Resistance @4.66 from a horizontal line in the daily time frame.
Resistance @6.10 from a trend line in the weekly time frame.
Resistance @6.36 from a trend line in the weekly time frame.
A resistance zone ranging from 6.62 to 6.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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 VTEX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for VTEX is up.
ChartMill Relative Strength	5.64	NEGATIVE	VTEX has a low relative strength, it was outperformed by 94.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VTEX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VTEX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VTEX is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.52	NEUTRAL	The RSI value for VTEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests VTEX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.74	OVERBOUGHT	The high Stochastics value suggests VTEX may be overbought.
Average True Range in percent/ATR (20)	3.34	MEDIUM VOLATILITY	The ATR as a percentage value for VTEX suggests some volalility.
Average Directional Index/ADX (14)	24.21	NEUTRAL	The ADX value for VTEX suggests a possible start of a new trend.