Taking everything into account, VTRS scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, VTRS is a bad performer.
VTRS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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9.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.16 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.48 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.69 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.48 from a horizontal line in the daily time frame.
- Resistance @13.53 from a horizontal line in the weekly time frame.
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 VTRS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VTRS is neutral. |
| ChartMill Relative Strength | 27.83 | NEGATIVE | VTRS has a low relative strength, it was outperformed by 72.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VTRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VTRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VTRS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.69 | NEUTRAL | The RSI value for VTRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VTRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.78 | NEUTRAL | The Stochastics value for VTRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for VTRS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for VTRS suggests a weak or negative 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 |
|---|---|---|---|
| 10.74 | 10.15 | 0.59 (5.49%) | 18.20% |
| An entry @10.74. This is a Buy Stop order right above the resistance zone. | An exit @10.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 5.49%. | When investing 18.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of VTRS. 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.
10.57
+0.11 (+1.05%)
VIATRIS INC / VTRS FAQ
What is the ChartMill technical rating of VIATRIS INC (VTRS) stock?
ChartMill assigns a technical rating of 6 / 10 to VTRS.
Can you provide the trend direction for VIATRIS INC?
The current trend direction for VIATRIS INC (VTRS) is Bullish.
What is the RSI signal for VTRS stock?
VIATRIS INC (VTRS) has an RSI value of 52.69. This indicates that the stock is currently neutral.
What is the MACD signal for VTRS stock?
The MACD indicator for VIATRIS INC (VTRS) has a value of -0.0372245, indicating a bearish trend.
What is the short term momentum for VTRS stock?
The short term momentum for VIATRIS INC (VTRS) is neutral.