VERITEX HOLDINGS INC (VBTX) Stock Technical Analysis
NASDAQ:VBTX - Nasdaq - US9234511080 - Common Stock - Currency: USD
Overall VBTX gets a technical rating of 4 out of 10. In the past year, VBTX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
VBTX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.73. Right above this resistance zone may be a good entry point.
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20.56
When analyzing the support we notice one important area.
- A support zone ranging from 20.77 to 21.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.73 to 25.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.48 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for VBTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VBTX is neutral. |
| ChartMill Relative Strength | 71.69 | POSITIVE | VBTX has a high relative strength, it outperformed 71.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VBTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VBTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VBTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.48 | NEUTRAL | The RSI value for VBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VBTX has a negative trend. |
| Stochastics (14,3) | 40.43 | NEUTRAL | The Stochastics value for VBTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for VBTX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for VBTX suggests a possible start of a new trend. |
23.98
-0.08 (-0.33%)