VITESSE ENERGY INC (VTS) Stock Technical Analysis
NYSE:VTS - New York Stock Exchange, Inc. - US92852X1037 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to VTS. VTS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
VTS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, VTS outperforms 46% of them, which is more or less in line with the market.
VTS is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, VTS did better than 58% of them.
VTS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VTS is lagging the market slightly.
VTS 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 resistance zone just above the current price starting at 24.22. Right above this resistance zone may be a good entry point.
More info and screens
19.49
27.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.27 to 20.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 19.69 to 19.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 24.22 to 24.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.14 from a horizontal line in the daily time frame.
- Resistance @25.69 from a trend line in the daily time frame.
- Resistance @27.03 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for VTS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VTS is up. |
| ChartMill Relative Strength | 46.73 | NEUTRAL | VTS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VTS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.89 | NEUTRAL | The RSI value for VTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests VTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for VTS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for VTS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.86 | POSITIVE | The high ADX value value for VTS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 23.67 | 22.17 | 1.50 (6.35%) | 15.76% |
| An entry @23.67. This is a Buy Stop order right above the 10 day moving average. | An exit @22.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.50 points, which is 6.35%. | For a 1.00% total portfolio risk, you can invest 15.76% 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.
23.21
-0.17 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.73%
1 Week-4.99%
2 Weeks4.88%
1 Month10.37%
3 Month1.4%
6 Month-3.85%
12 Month0.09%
2 Year3.62%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%2.79%
ATR Inc-36.45%
Range Today0.42
ADR(20)0.59
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.73
Mansfield-0.88
10 Day High24.74
10 Day Low22.18
20 Day High24.74
20 Day Low20.53
52 Week High28.41
52 Week Low18.9
CS1 End20.42
CR1 Start24.22
Volume & EV
DER(3)0.34%
DER(5)0.56%
Volume655.23K
Volume Incr61.94%
Vol(5)495.39K
Vol(50)346.76K