VTX Technical Analysis - VERTEX RESOURCE GROUP LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to VTX. VTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

84% of all other stocks performed better in the past year than VTX.

VTX is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, of which 65% are performing better than VTX.

VTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month VTX has a been trading in the 0.21 - 0.25 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VERTEX RESOURCE GROUP LTD / VTX Weekly stock chart

VERTEX RESOURCE GROUP LTD / VTX Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, VTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.24. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.20

0.27

We found 1 important support area.

A support zone ranging from 0.20 to 0.20. 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 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.27 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for VTX.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VTX.CA is down.
ChartMill Relative Strength	16.12	NEGATIVE	VTX.CA has a low relative strength, it was outperformed by 83.88% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VTX.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VTX.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VTX.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.32	NEUTRAL	The RSI value for VTX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests VTX.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.81	NEUTRAL	The Stochastics value for VTX.CA is a neutral value.
Average True Range in percent/ATR (20)	3.8	MEDIUM VOLATILITY	The ATR as a percentage value for VTX.CA suggests some volalility.
Average Directional Index/ADX (14)	9.66	NEGATIVE	The low ADX value for VTX.CA suggests a weak or negative trend.