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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Velan Inc (TSE:VLN)

Bear Market Rally (-75) - VLN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VLN as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid VLN?

MarketClub looks at technical strength and momentum to determine if the timing is right for VLN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

TSE_VLN
Open High Low VLN Price Change
5.10 5.10 5.07 5.07 -0.02
Entry Signal

MarketClub’s Trade Triangles for VLN

long term down The long-term trend has been DOWN since Aug 1st, 2023 at 12.55

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2024 at 5.21

short term up The short-term trend has been UP since Mar 14th, 2024 at 5.10

Smart Scan Analysis for VLN

Based on our trend formula, VLN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for VLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.10 5.10 5.07 5.07 -0.02
Prev. Close Volume Bid Ask Time
5.12 1029 2024-03-15 11:26:01
Year High20.49Year High Date2018-01-02
Year Low8.6Year Low Date2018-11-27
52wk High20.4952wk High Date2018-01-02
52wk Low8.652wk Low Date2018-11-27
Year End Close11.37Average Volume8,209
Volatility43.6
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