VELAN INC (VLN.CA) Stock Technical Analysis
TSX:VLN - Toronto Stock Exchange - CA9229321083 - Common Stock - Currency: CAD
Overall VLN gets a technical rating of 8 out of 10. In the last year, VLN was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: VLN has an average volume of 11227 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that VLN is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by VLN over the past year are nicely spread over this period.
VLN is one of the better performing stocks in the Machinery industry, it outperforms 100% of 21 stocks in the same industry.
VLN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so VLN slightly outperforms the market at the moment.
In the last month VLN has a been trading in the 14.16 - 16.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
VLN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
13.42
17.97
We found 5 important support areas.
- A support zone ranging from 15.63 to 15.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.27 to 15.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.77 to 14.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.05 from a trend line in the weekly time frame.
- A support zone ranging from 13.56 to 13.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @15.81 from a trend line in the weekly time frame.
- Resistance @16.29 from a trend line in the daily time frame.
- Resistance @17.79 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.82
Mansfield7.04
10 Day High15.95
10 Day Low14.16
20 Day High16.85
20 Day Low14.16
52 Week High18
52 Week Low5.49
Performance
1 Week3.48%
2 Weeks5.2%
1 Month-2.35%
3 Month-9.31%
6 Month42.81%
12 Month179.79%
2 Year23.96%
3 Year81.38%
5 Year158.69%
10 Year-25.39%
15 Year-2.83%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)54.03
LBB14.58
UBB16.1
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 |
|---|---|---|---|
| 15.82 | 15.62 | 0.20 (1.26%) | 25.00% |
| An entry @15.82. This is a Buy Stop order right above the resistance zone. | An exit @15.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 1.26%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VLN. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:VLN (4/21/2025, 7:00:00 PM)
15.78
+0.28 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.81%
1 Week3.48%
2 Weeks5.2%
1 Month-2.35%
3 Month-9.31%
6 Month42.81%
12 Month179.79%
2 Year23.96%
3 Year81.38%
5 Year158.69%
10 Year-25.39%
15 Year-2.83%
Volatility
ATR(14)0.64
ATR(20)%3.9%
ATR Inc-34.18%
Range Today0.47
ADR(20)0.57
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.82
Mansfield7.04
10 Day High15.95
10 Day Low14.16
20 Day High16.85
20 Day Low14.16
52 Week High18
52 Week Low5.49
CS1 End15.73
CR1 Start15.81
Volume & EV
DER(3)1.08%
DER(5)2.32%
Volume14.04K
Volume Incr-1.44%
Vol(5)6.45K
Vol(50)11.23K