VIATRIS INC (VTRS) Stock Technical Analysis
USA - NASDAQ:VTRS - US92556V1061 - Common Stock
We assign a technical rating of 6 out of 10 to VTRS. Although VTRS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
VTRS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.35, 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.
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3 important support areas can be observed.
- A support zone ranging from 10.00 to 10.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.84 from a trend line in the weekly time frame.
- A support zone ranging from 9.38 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.66 to 10.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for VTRS is up. |
| ChartMill Relative Strength | 49.04 | NEUTRAL | VTRS is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of VTRS is above a declining 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) | 58.55 | NEUTRAL | The RSI value for VTRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VTRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for VTRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for VTRS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.86 | 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 |
|---|---|---|---|
| 10.71 | 10.12 | 0.59 (5.51%) | 18.15% |
| An entry @10.71. This is a Buy Stop order right above the resistance zone. | An exit @10.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.59 points, which is 5.51%. | For a 1.00% total portfolio risk, you can invest 18.15% of your capital in this trade. |
- 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.
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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 58.5482. 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 0.0149683, indicating a bearish trend.
What is the short term momentum for VTRS stock?
The short term momentum for VIATRIS INC (VTRS) is positive.