CORP INMOBILIARIA VESTA-ADR (VTMX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VTMX - US92540K1097 - ADR
We assign a technical rating of 7 out of 10 to VTMX. In the last year, VTMX was one of the better performers, but we do observe some doubts in the very recent evolution.
VTMX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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
24.89
3 important support areas can be observed.
- A support zone ranging from 26.75 to 27.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.70 to 25.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.84 to 31.82. This zone is formed by a combination of multiple trend lines and important moving averages 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 VTMX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VTMX is neutral. |
| ChartMill Relative Strength | 79.88 | POSITIVE | VTMX has a high relative strength, it outperformed 79.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VTMX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VTMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VTMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for VTMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests VTMX has a negative trend. |
| Stochastics (14,3) | 21.38 | NEUTRAL | The Stochastics value for VTMX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for VTMX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for VTMX suggests a possible start of a new 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 |
|---|---|---|---|
| 31.01 | 30.16 | 0.85 (2.74%) | 25.00% |
| An entry @31.01. This is a Buy Stop order right above the 10 day moving average. | An exit @30.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.85 points, which is 2.74%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VTMX. Please evaluate whether better entry and exit points can be found.
- 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.
30.2
-0.28 (-0.92%)
CORP INMOBILIARIA VESTA-ADR / VTMX FAQ
What is the ChartMill technical rating of CORP INMOBILIARIA VESTA-ADR (VTMX) stock?
ChartMill assigns a technical rating of 7 / 10 to VTMX.
What is the trend direction for VTMX stock?
The current trend direction for CORP INMOBILIARIA VESTA-ADR (VTMX) is Bullish.
What is the RSI signal for VTMX stock?
CORP INMOBILIARIA VESTA-ADR (VTMX) has an RSI value of 45.7057. This indicates that the stock is currently neutral.
What is the short term momentum for CORP INMOBILIARIA VESTA-ADR (VTMX) stock?
The short term momentum for CORP INMOBILIARIA VESTA-ADR (VTMX) is neutral.