VIATRIS INC (VTRS) Stock Technical Analysis
USA - NASDAQ:VTRS - US92556V1061 - Common Stock
Taking everything into account, VTRS scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VTRS is only an average performer.
VTRS 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. There is a support zone below the current price at 10.27, 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
9.26
2 important support areas can be observed.
- A support zone ranging from 9.84 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.35 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @10.34 from a trend line in the daily time frame.
- 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 | 43.95 | 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) | 56.35 | NEUTRAL | The RSI value for VTRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VTRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.4 | OVERBOUGHT | The high Stochastics value suggests VTRS may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for VTRS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | 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 |
|---|---|---|---|
| 10.35 | 9.85 | 0.50 (4.88%) | 20.50% |
| An entry @10.35. This is a Buy Stop order right above the resistance zone. | An exit @9.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 4.88%. | For a 1.00% total portfolio risk, you can invest 20.50% 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.
10.29
-0.13 (-1.25%)
VIATRIS INC / VTRS FAQ
What is the ChartMill technical rating of VIATRIS INC (VTRS) stock?
ChartMill assigns a technical rating of 7 / 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 56.3468. 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 0.033268, indicating a bearish trend.
What is the short term momentum for VTRS stock?
The short term momentum for VIATRIS INC (VTRS) is positive.