{"ticker": {"uuid": "a89d0d3a-3d85-4efb-b822-884a0b0e1c57", "symbol": "VLN", "name": "Velan Inc.", "exchange": "TOR", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "VLN closed the latest completed week at 15.51 CAD. The 4-week return is -2.8% and the 12-week return is -3.1%. Trend Signal is inactive, Market Dynamics is -0.16.", "description": "Velan Inc. designs, manufactures, and markets industrial valves worldwide. It provides quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; securaseal metal-seated ball valves; coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; torqseal triple-offset butterfly valves; and other products. The company also offers bimetallic steam traps, trap stations, and manifolds; engineering solutions; and cable drive actuators. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montreal, Canada. The company operates as a subsidiary of Velan Holding Co. Ltd.", "setup_signature": "Risk-first tape", "composite_score": "32", "kpis": [{"label": "Latest Close", "value": "15.51 CAD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-1.5%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-2.8%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-3.1%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "36.5%", "hint": "19 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "TOR", "country": "CA", "sector": "Industrials", "industry": "Specialty Industrial Machinery", "currency": "CAD", "market_cap": "335.7M"}, "price": {"trend_line": "16.34 CAD", "fair_value": "11.31 CAD", "vs_trend": "-5.1%", "vs_fair_value": "37.1%", "high_52": "19.50 CAD", "low_52": "13.53 CAD", "drawdown": "-20.5%", "range_position": "33.2%"}, "momentum": {"returns": [{"label": "1W", "value": -1.5238095238095253, "value_label": "-1.5%", "tone": "negative", "width": 4.353741496598643}, {"label": "4W", "value": -2.758620689655169, "value_label": "-2.8%", "tone": "negative", "width": 7.881773399014769}, {"label": "12W", "value": -3.0625000000000013, "value_label": "-3.1%", "tone": "negative", "width": 8.750000000000004}, {"label": "26W", "value": -15.245897007972514, "value_label": "-15.2%", "tone": "negative", "width": 43.55970573706433}, {"label": "52W", "value": 14.894820865936564, "value_label": "14.9%", "tone": "positive", "width": 42.55663104553304}], "trend_streak": 0, "active_weeks": 19, "active_breadth": "36.5%", "peer": {"scope": "CA Industrials", "count": 63, "rank": 41, "percentile": 35.483870967741936, "avg_weekly_return": -0.4876628942853306}}, "setup": {"scores": [{"label": "Trend", "value": 20.096153846153843, "value_label": "20", "width": 20.096153846153843, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 40.89892241379311, "value_label": "41", "width": 40.89892241379311, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 31.033306825445905, "value_label": "31", "width": 31.033306825445905, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 6.7316015937557285, "value_label": "7", "width": 6.7316015937557285, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 47.1219512195122, "value_label": "47", "width": 47.1219512195122, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 46.80488832029476, "value_label": "47", "width": 46.80488832029476, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -0.31152026863054433, "return_label": "-0.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "6 Mar", "return": -1.5625, "return_label": "-1.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.020833333333334}, {"week": "13 Mar", "return": 1.5873015873015872, "return_label": "1.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.227513227513226}, {"week": "20 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "27 Mar", "return": -1.5625, "return_label": "-1.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.020833333333334}, {"week": "3 Apr", "return": -0.317460317460322, "return_label": "-0.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "10 Apr", "return": 1.8471337579617892, "return_label": "1.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 15.392781316348245}, {"week": "17 Apr", "return": 0.0625390869293295, "return_label": "0.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": -4.625000000000002, "return_label": "-4.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 38.54166666666668}, {"week": "1 May", "return": -0.0655307994757522, "return_label": "-0.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": 1.7704918032786856, "return_label": "1.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.754098360655712}, {"week": "15 May", "return": 2.770618556701029, "return_label": "2.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 23.088487972508574}, {"week": "22 May", "return": -3.448275862068959, "return_label": "-3.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 28.735632183907995}, {"week": "29 May", "return": 0.9740259740259762, "return_label": "1.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 8.116883116883136}, {"week": "5 Jun", "return": 1.2861736334405098, "return_label": "1.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 10.718113612004249}, {"week": "12 Jun", "return": -1.5238095238095253, "return_label": "-1.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 12.698412698412712}]}, "groups": {"sector": {"scope": "CA Industrials", "count": 63, "avg_weekly_return": -0.4876628942853306, "avg_four_week_return": 1.690007388548746, "avg_twelve_week_return": 14.749214068852186, "trend_breadth": 60.317460317460316, "positive_md_breadth": 61.904761904761905, "positive_rs_breadth": 53.96825396825397, "week_rank": 41, "four_week_rank": 44, "twelve_week_rank": 48, "top_peers": [{"id": 35685, "symbol": "DRX", "name": "ADF Group Inc.", "exchange": "TOR", "url": "/terminal/eedb4041-3291-4a6a-a679-1b945dae3e62/report/", "weekly_return": 40.24390243902438, "weekly_return_label": "40.2%", "weekly_return_tone": "positive", "four_week_return": 55.244029075804754, "four_week_return_label": "55.2%", "four_week_return_tone": "positive", "twelve_week_return": 70.62661167962551, "twelve_week_return_label": "70.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 36168, "symbol": "MAL", "name": "Magellan Aerospace Corporation", "exchange": "TOR", "url": "/terminal/8132be6a-5547-419c-9c5f-625785ad5059/report/", "weekly_return": 2.1589581401426226, "weekly_return_label": "2.2%", "weekly_return_tone": "positive", "four_week_return": 21.646803278688527, "four_week_return_label": "21.6%", "four_week_return_tone": "positive", "twelve_week_return": 51.57846092950506, "twelve_week_return_label": "51.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 35728, "symbol": "EIF", "name": "Exchange Income Corporation", "exchange": "TOR", "url": "/terminal/eaec9041-d2a6-4688-804a-c9505e6edff6/report/", "weekly_return": 6.639655091125259, "weekly_return_label": "6.6%", "weekly_return_tone": "positive", "four_week_return": 21.059211301638072, "four_week_return_label": "21.1%", "four_week_return_tone": "positive", "twelve_week_return": 31.693821679929545, "twelve_week_return_label": "31.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 35151, "symbol": "BBD-B", "name": "Bombardier Inc.", "exchange": "TOR", "url": "/terminal/4b1d704f-f1e3-439d-8872-cc76244eed92/report/", "weekly_return": 1.786644649620365, "weekly_return_label": "1.8%", "weekly_return_tone": "positive", "four_week_return": 18.620817574021004, "four_week_return_label": "18.6%", "four_week_return_tone": "positive", "twelve_week_return": 33.5153670154973, "twelve_week_return_label": "33.5%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 35148, "symbol": "BBD-A", "name": "Bombardier Inc.", "exchange": "TOR", "url": "/terminal/96c2f04b-2521-4943-a235-1ab60f61a0ae/report/", "weekly_return": 1.1442214634201604, "weekly_return_label": "1.1%", "weekly_return_tone": "positive", "four_week_return": 17.447742312328597, "four_week_return_label": "17.4%", "four_week_return_tone": "positive", "twelve_week_return": 35.28328778715582, "twelve_week_return_label": "35.3%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}, "industry": {"scope": "CA Specialty Industrial Machinery", "count": 6, "avg_weekly_return": -0.5672992836831069, "avg_four_week_return": -10.66797742689631, "avg_twelve_week_return": -7.275160951413567, "trend_breadth": 33.33333333333333, "positive_md_breadth": 33.33333333333333, "positive_rs_breadth": 16.666666666666664, "week_rank": 5, "four_week_rank": 3, "twelve_week_rank": 3, "top_peers": [{"id": 35924, "symbol": "GRN", "name": "Greenlane Renewables Inc.", "exchange": "TOR", "url": "/terminal/fc035148-1f43-4a11-8a9f-ce8cb05bcc96/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 4.651162790697678, "four_week_return_label": "4.7%", "four_week_return_tone": "positive", "twelve_week_return": -4.255319148936162, "twelve_week_return_label": "-4.3%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 36582, "symbol": "SIS", "name": "Savaria Corporation", "exchange": "TOR", "url": "/terminal/9b69bd4b-eb31-4797-98d9-c1cc82c88f39/report/", "weekly_return": -0.24046718514369095, "weekly_return_label": "-0.2%", "weekly_return_tone": "negative", "four_week_return": 3.9215868711254607, "four_week_return_label": "3.9%", "four_week_return_tone": "positive", "twelve_week_return": 15.728249675241598, "twelve_week_return_label": "15.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 36925, "symbol": "VLN", "name": "Velan Inc.", "exchange": "TOR", "url": "/terminal/a89d0d3a-3d85-4efb-b822-884a0b0e1c57/report/", "weekly_return": -1.5238095238095253, "weekly_return_label": "-1.5%", "weekly_return_tone": "negative", "four_week_return": -2.758620689655169, "four_week_return_label": "-2.8%", "four_week_return_tone": "negative", "twelve_week_return": -3.0625000000000013, "twelve_week_return_label": "-3.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 35106, "symbol": "ATS", "name": "ATS Corporation", "exchange": "TOR", "url": "/terminal/e9604ba5-89e7-4896-8deb-12ccf5a2cb9f/report/", "weekly_return": 2.05278869916227, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": -13.236627679887308, "four_week_return_label": "-13.2%", "four_week_return_tone": "negative", "twelve_week_return": -7.580876754267354, "twelve_week_return_label": "-7.6%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 35708, "symbol": "DYA", "name": "dynaCERT Inc.", "exchange": "TOR", "url": "/terminal/976c6514-b164-4b27-afcc-5db430a7b580/report/", "weekly_return": -7.692307692307699, "weekly_return_label": "-7.7%", "weekly_return_tone": "negative", "four_week_return": -20.0, "four_week_return_label": "-20.0%", "four_week_return_tone": "negative", "twelve_week_return": 9.090909090909086, "twelve_week_return_label": "9.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.16", "market_dynamics_tone": "negative", "md_4_change": "-201.9%", "relative_strength": "-13.23", "rs_4_change": "-44.5%", "expectation": "Undecided", "expectation_probability": "48.61%"}, "volume": {"latest": "13.8K", "average_13": "12.3K", "average_52": "38.1K", "ratio_13": "1.1x", "ratio_52": "0.4x"}, "risk": {"volatility_13": "2.0%", "volatility_52": "4.0%", "downside_weeks": 20, "upside_weeks": 30, "downside_breadth": "38.5%", "average_gain": "2.2%", "average_loss": "-2.3%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-5.1%", "tone": "negative"}, {"label": "Volume", "value": "1.1x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "15.51 CAD", "weekly_return": -1.5238095238095253, "weekly_return_label": "-1.5%", "weekly_return_tone": "negative", "trend_line": "16.34 CAD", "fair_value": "11.31 CAD", "market_dynamics": "-0.16", "relative_strength": "-13.23", "volume": "13.8K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "15.75 CAD", "weekly_return": 1.2861736334405098, "weekly_return_label": "1.3%", "weekly_return_tone": "positive", "trend_line": "16.42 CAD", "fair_value": "11.29 CAD", "market_dynamics": "-0.03", "relative_strength": "-10.77", "volume": "10.9K", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "15.55 CAD", "weekly_return": 0.9740259740259762, "weekly_return_label": "1.0%", "weekly_return_tone": "positive", "trend_line": "16.44 CAD", "fair_value": "11.27 CAD", "market_dynamics": "-0.05", "relative_strength": "-13.00", "volume": "10.2K", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "15.40 CAD", "weekly_return": -3.448275862068959, "weekly_return_label": "-3.4%", "weekly_return_tone": "negative", "trend_line": "16.46 CAD", "fair_value": "11.25 CAD", "market_dynamics": "-0.05", "relative_strength": "-13.43", "volume": "12.5K", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "15.95 CAD", "weekly_return": 2.770618556701029, "weekly_return_label": "2.8%", "weekly_return_tone": "positive", "trend_line": "16.47 CAD", "fair_value": "11.23 CAD", "market_dynamics": "-0.05", "relative_strength": "-9.16", "volume": "18.8K", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "15.52 CAD", "weekly_return": 1.7704918032786856, "weekly_return_label": "1.8%", "weekly_return_tone": "positive", "trend_line": "16.46 CAD", "fair_value": "11.20 CAD", "market_dynamics": "-0.28", "relative_strength": "-12.77", "volume": "12.2K", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "15.25 CAD", "weekly_return": -0.0655307994757522, "weekly_return_label": "-0.1%", "weekly_return_tone": "negative", "trend_line": "16.46 CAD", "fair_value": "11.18 CAD", "market_dynamics": "-0.42", "relative_strength": "-14.40", "volume": "15.2K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "15.26 CAD", "weekly_return": -4.625000000000002, "weekly_return_label": "-4.6%", "weekly_return_tone": "negative", "trend_line": "16.48 CAD", "fair_value": "11.16 CAD", "market_dynamics": "-0.52", "relative_strength": "-14.93", "volume": "9.2K", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "16.00 CAD", "weekly_return": 0.0625390869293295, "weekly_return_label": "0.1%", "weekly_return_tone": "positive", "trend_line": "16.49 CAD", "fair_value": "11.14 CAD", "market_dynamics": "-0.65", "relative_strength": "-12.62", "volume": "7.6K", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "15.99 CAD", "weekly_return": 1.8471337579617892, "weekly_return_label": "1.8%", "weekly_return_tone": "positive", "trend_line": "16.48 CAD", "fair_value": "11.12 CAD", "market_dynamics": "-0.69", "relative_strength": "-11.47", "volume": "10.0K", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "15.70 CAD", "weekly_return": -0.317460317460322, "weekly_return_label": "-0.3%", "weekly_return_tone": "negative", "trend_line": "16.47 CAD", "fair_value": "11.09 CAD", "market_dynamics": "-0.73", "relative_strength": "-12.01", "volume": "12.2K", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "15.75 CAD", "weekly_return": -1.5625, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "trend_line": "16.46 CAD", "fair_value": "11.07 CAD", "market_dynamics": "-0.78", "relative_strength": "-9.04", "volume": "7.7K", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "16.00 CAD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "16.43 CAD", "fair_value": "11.05 CAD", "market_dynamics": "-0.82", "relative_strength": "-6.17", "volume": "19.6K", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "16.00 CAD", "weekly_return": 1.5873015873015872, "weekly_return_label": "1.6%", "weekly_return_tone": "positive", "trend_line": "16.39 CAD", "fair_value": "11.03 CAD", "market_dynamics": "-0.89", "relative_strength": "-10.06", "volume": "19.0K", "trend_signal": "Off"}], "chart_url": "/terminal/a89d0d3a-3d85-4efb-b822-884a0b0e1c57/", "api_path": "/terminal/a89d0d3a-3d85-4efb-b822-884a0b0e1c57/report/api/"}