Overall VVR gets a technical rating of 6 out of 10. In the last year, VVR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, VVR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @3.91. This is a Buy Stop order right above the resistance zone.||An exit @3.78. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 0.13 points, which is 3.32%.||For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:VVR (11/28/2022, 11:49:08 AM)+0.04 (+1.04%)
|2 Weeks||-0.26%||1 Month||3.77%|
|3 Month||-1.03%||6 Month||-3.27%|
|ATR Inc||25.04%||Range Today||0.04|
|ST Trend||LT Trend|
|10 Day High||3.95||10 Day Low||3.79|
|20 Day High||3.95||20 Day Low||3.69|
|52 Week High||4.53||52 Week Low||3.63|
|CS1 End||3.85||CR1 Start||3.86|
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