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Stock Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Velan Inc (TSE:VLN)

Strong Downtrend (-100) - VLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, VLN continues to fall. Traders should use caution and set stops.

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
5.25 5.25 5.20 5.20 -0.05
Entry Signal

MarketClub’s Trade Triangles for VLN

long term down The long-term trend has been DOWN since May 3rd, 2022 at 8.53

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2023 at 5.15

short term down The short-term trend has been DOWN since Jan 25th, 2023 at 5.40

Smart Scan Analysis for VLN

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

-100
Smart Scan Analysis for VLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.25 5.25 5.20 5.20 -0.05
Prev. Close Volume Bid Ask Time
5.25 406 2023-01-30 09:37:42
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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