A technical analysis of VERRA MOBILITY CORP.

Our stockscreener has identified a possible breakout setup on VERRA MOBILITY CORP (NASDAQ:VRRM). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:VRRM for potential opportunities.

Technical Analysis Observations

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall VRRM gets a technical rating of 7 out of 10. In the last year, VRRM was one of the better performers, but we do observe some doubts in the very recent evolution.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, VRRM did better than 75% of all other stocks. We also observe that the gains produced by VRRM over the past year are nicely spread over this period.
• VRRM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VRRM is lagging the market slightly.
• In the last month VRRM has a been trading in the 20.26 - 23.31 range, which is quite wide. It is currently trading near the high of this range.
• VRRM is part of the IT Services industry. There are 86 other stocks in this industry, VRRM did better than 64% of them.

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

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:VRRM currently has a 9 as setup rating:

VRRM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 22.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VRRM in the last couple of days, which is a good sign.

Trading setups like NASDAQ:VRRM

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.