Technical analysis from Vedanta (VEDL, NYSE:VEDL) on the New York Stock Exchange (NYSE). Download the latest price data & trading signals

Vedanta
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14-day volume rate of change is decreasing for Vedanta
Volume Rate of Change /
14-day volume rate of change is decreasing for Vedanta

[BEARISH]: Vedanta currently has negative rate of change of -58%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3.8%.

VEDL: Short term trend has confirmed a rally day
Coles Reaction Day /
VEDL: Short term trend has confirmed a rally day

Vedanta: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for VEDL

Ulcer Index /
Ulcer index has reduced in stress level for VEDL & low drawdown is expected

[BEARISH]: Vedanta UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.587.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Vedanta

VEDL: Stochastic Oscillator Trading -> (1) 16 Oct: 93.4 (2) 13 Oct: 94.5 (3) 16 Oct: 36.5

Price Range /
Range for VEDL has surpassed the range of the previous trading session

[BULLISH]: Vedanta current uptrend in the first timeframe. Currently, the Range is $0.23.

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TRADE /
VEDL: MCap is $19.35B

Vedanta key financial metrics: (1) MCAP: $19.35B (2) Shares: 929298000 (3) Free Float: 406175000

Relative Strength Index /
Vedanta is no longer overbought [Neutral]

[BEARISH]: Vedanta is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @81.0630

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[Weak Trend]: Average Directional Index @15.72 has confirmed a weak trend for VEDL
Average Directional Movement /
[Weak Trend]: Average Directional Index @15.72 has confirmed a weak trend for VEDL

[Weak Trend]: ADX for VEDL has confirmed a weak trend is presentVedanta has an ATR(14) of 0.399, a DX of 29.25 & an ADX(14) of 15.72

William %R overbought signal has just been neutralized for Vedanta
Williams %R /
William %R overbought signal has just been neutralized for Vedanta

[BULLISH]: Vedanta is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Low Price /
VEDL has achieved a new low of $20.73 (3.8 %)

[BEARISH]: Vedanta current uptrend in the first timeframe. Currently, the Low is $20.73 (3.8 %).

Sine Weighted Moving Average /
VEDL: Price continues to move above the SWMA(5) @$19.894

[BULLISH]: Vedanta currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 3.8%.

Rate of Change /
14-day rate of change is increasing for Vedanta

[BULLISH]: Vedanta currently has positive rate of change of 7.7%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Closing price for VEDL is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for VEDL is still below the lower envelope signalling a bullish movement

[BULLISH]: Vedanta current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 18.9240.

Vedanta is in a short term uptrend with the closing price @$20.82
Simple Moving Average /
Vedanta is in a short term uptrend with the closing price @$20.82

[BEARISH]: Vedanta currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 3.8%.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for VEDL

[BULLISH]: VedantaElder Ray Index is signalling a Bullish movementERI is 1.061 indicating bull power. Prices are being driven above the consensus of value for VEDL during the last trading session [Buying Pressure]

Elders Force Index /
Recent trading highlights continued buying pressure is present for VEDL

[BULLISH]: Vedanta current price has highlighted recent buying pressure. Currently, the Elders Force Index is 44405.

Aroon Oscillator /
[Uptrend]: Aroon oscillator @60 has confirmed a strong uptrend for VEDL

[BULLISH]: Vedanta has a current ARU(25) of 100 and a current ARD(25) of 40

VEDL: P/E ratio is 69.40
VALUE /
VEDL: P/E ratio is 69.40

Vedanta Key financial metrics: (1) EPS: $1.27 (2) P/E Ratio: 69.40

VEDL has achieved a new high of $20.96 (4.2 %)
High Price /
VEDL has achieved a new high of $20.96 (4.2 %)

[BULLISH]: Vedanta current uptrend in the first timeframe. Currently, the HIGH is 4.2 %.

VEDL: Over the last 12 months there has been 9 trading days with the opening price in the lower shadow & the closing the price in the middle shadow
Open Tod Vs Close Tod /
VEDL: Over the last 12 months there has been 9 trading days with the opening price in the lower shadow & the closing the price in the middle shadow

[BULLISH WEAK]: Vedanta opened in the lower part of daily range at 8.7% & closed in the middle part of the trading range at 39.1%. This suggests the buyers have lost commitment. Over the last 12 months there has been 9 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 15.3%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 36.4%.

MACD Volume /
Vedanta: Volume MACD @3229 [Bullish Crossover]

[BULLISH CROSSOVER]: Vedanta currently has positive Volume MACD of 3229. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Accumulation / Distribution /
Vedanta: Accumulation Distribution Line (-451035)

[BEARISH]: Vedanta current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Fibonacci Extensions /
Vedanta: Look for a long limit order entry @$49.75

Vedanta has moved below the 161.8% level ($49.75) [Bullish]. Look for a long limit order entry near this point. Exit price for VEDL should be set @$62.03 & Stoploss for Vedanta should be set at $37.47

Demarks Pivot Points /
Limit order for a long position has been identified for Vedanta [Bullish]

Vedanta has broken the first DeMark resistance point ($20.8675) [Bullish]. Look for a long limit order entry near this point. Exit price for VEDL should be set @$21.005 & Stoploss for Vedanta should be set at $20.775

Vedanta is in a short term uptrend with the support price @$19.834
Triangular Moving Average /
Vedanta is in a short term uptrend with the support price @$19.834

[BULLISH]: Vedanta currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 3.8%.

Vedanta has broken the first resistance point ($20.944) [Bullish]
Pivot Points /
Vedanta has broken the first resistance point ($20.944) [Bullish]

Vedanta has broken the first resistance point ($20.944) [Bullish]. Look for a long limit order entry near this point. Exit price for VEDL should be set @$21.067 & Stoploss for Vedanta should be set between $20.607 & $20.484

Short Trend /
Daily trading again produced an Uptrend bar for Vedanta

[BULLISH]: Vedanta is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 4

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