Indications Suggest VICI PROPERTIES INC (NYSE:VICI) Could Be on the Verge of a Breakout.

A possible breakout setup was detected on VICI PROPERTIES INC (NYSE:VICI) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:VICI.

Zooming in on the technicals.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, VICI scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, VICI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that VICI is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
• VICI is an average performer in the Specialized REITs industry, it outperforms 68% of 30 stocks in the same industry.
• VICI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
• In the last month VICI has a been trading in the 28.63 - 33.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of VICI contains the most current technical analsysis.

Why is VICI a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for VICI is 7:

Besides having an excellent technical rating, VICI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 31.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VICI in the last couple of days, which is a good sign.

How can VICI be traded?

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.