VERITEX HOLDINGS INC (VBTX) Stock Technical Analysis
NASDAQ:VBTX - US9234511080 - Common Stock
34.19 USD
-0.01 (-0.03%)
34.19 USD
0 (0%)
Taking everything into account, VBTX scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VBTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
VBTX is one of the better performing stocks in the Banks industry, it outperforms 95% of 391 stocks in the same industry.
VBTX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
VBTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
VBTX has an average volume of 1085700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that VBTX is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, VBTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.59
35.09
3 important support areas can be observed.
- Support @30.53 from a horizontal line in the daily time frame.
- Support @28.21 from a trend line in the daily time frame.
- Support @21.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.29 to 34.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for VBTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VBTX is up. |
| ChartMill Relative Strength | 88.73 | POSITIVE | VBTX has a high relative strength, it outperformed 88.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VBTX is above 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 | POSITIVE | The current price of VBTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.98 | NEUTRAL | The RSI value for VBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests VBTX has a negative trend. |
| Stochastics (14,3) | 77.25 | NEUTRAL | The Stochastics value for VBTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for VBTX suggests low volalility. |
| Average Directional Index/ADX (14) | 43.91 | POSITIVE | The high ADX value value for VBTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.75 | 33.48 | 1.27 (3.65%) | 25.00% |
| An entry @34.75. This is a Buy Stop order right above the resistance zone. | An exit @33.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.27 points, which is 3.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.19
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.03%
1 Week0.59%
2 Weeks1.51%
1 Month7.62%
3 Month39.72%
6 Month39.84%
12 Month37.86%
2 Year90.47%
3 Year28.58%
5 Year100.76%
10 Year118.89%
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%1.87%
ATR Inc-26.9%
Range Today0.4
ADR(20)0.62
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.73
Mansfield1.49
10 Day High34.96
10 Day Low33.49
20 Day High34.96
20 Day Low31.74
52 Week High34.96
52 Week Low20.37
CS1 End30.53
CR1 Start34.29
Volume & EV
DER(3)1%
DER(5)-1.11%
Volume1.39M
Volume Incr60.28%
Vol(5)1.16M
Vol(50)1.09M