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Stock Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Velan Inc (TSE:VLN)

Bull Market Weakness (+75) - VLN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on VLN as it may be in the beginning stages 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
6.10 6.10 5.93 5.93 -0.08
Entry Signal

MarketClub’s Trade Triangles for VLN

long term up The long-term trend has been UP since Mar 28th, 2024 at 5.64

intermediate term up The intermediate-term trend has been UP since Mar 25th, 2024 at 5.24

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 6.05

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
6.10 6.10 5.93 5.93 -0.08
Prev. Close Volume Bid Ask Time
5.93 10169 2024-04-15 12:18:57
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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