Stock Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
VNET Group, Inc. - American Depositary Shares (NASDAQ:VNET)
Sidelines Mode (-55) - VNET is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid VNET?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNET.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNET
The long-term trend has been UP since Aug 28th, 2023 at 3.505
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 2.975
The short-term trend has been UP since Sep 28th, 2023 at 3.150
Smart Scan Analysis for VNET
Based on our trend formula, VNET is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||11.98||Year High Date||2018-11-21|
|Year Low||5.01||Year Low Date||2018-05-04|
|52wk High||6.83||52wk High Date||2023-01-20|
|52wk Low||2.53||52wk Low Date||2023-05-25|
|Year End Close||9.61||Average Volume||1,399,774|
|Shares Outstanding||344,746||Short Interest||1,868,123|
|% Institutional||67.2||Market Cap||553M|