We assign a technical rating of 9 out of 10 to VTIQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VTIQ is showing a nice and steady performance.
Besides having an excellent technical rating, VTIQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.06, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.53
2 important support areas can be observed.
- A support zone ranging from 9.97 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.63 to 9.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.07 to 10.07. 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 VTIQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VTIQ is up. |
| ChartMill Relative Strength | 82.7 | POSITIVE | VTIQ has a high relative strength, it outperformed 82.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VTIQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VTIQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VTIQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.91 | OVERBOUGHT | The high RSI value suggests VTIQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VTIQ has a negative trend. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests VTIQ may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for VTIQ suggests low volalility. |
| Average Directional Index/ADX (14) | 54.58 | POSITIVE | The high ADX value value for VTIQ suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.08 | 10.02 | 0.06 (0.60%) | 25.00% |
| An entry @10.08. This is a Buy Stop order right above the resistance zone. | An exit @10.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:VTIQ (12/9/2022, 8:16:00 PM)
10.06
0 (0%)
VECTOIQ ACQUISITION CO-CL A / VTIQ FAQ
What is the ChartMill technical rating of VECTOIQ ACQUISITION CO-CL A (VTIQ) stock?
ChartMill assigns a technical rating of 8 / 10 to VTIQ.
What is the trend direction for VTIQ stock?
The current trend direction for VECTOIQ ACQUISITION CO-CL A (VTIQ) is Bullish.
What is the RSI signal for VECTOIQ ACQUISITION CO-CL A (VTIQ) stock?
VECTOIQ ACQUISITION CO-CL A (VTIQ) has an RSI value of 74.909. This indicates that the stock is currently overbought.
Can you provide the MACD signal for VECTOIQ ACQUISITION CO-CL A?
The MACD indicator for VECTOIQ ACQUISITION CO-CL A (VTIQ) has a value of -0.00197953, indicating a bearish trend.
Can you provide the support and resistance levels for VECTOIQ ACQUISITION CO-CL A?
VECTOIQ ACQUISITION CO-CL A (VTIQ) has a support level at 10.06 and a resistance level at 10.07. Check the full technical report for our detailed analysis of VTIQ support and resistance levels.