VERITEX HOLDINGS INC (VBTX) Stock Technical Analysis
USA - NASDAQ:VBTX - US9234511080 - Common Stock
We assign a technical rating of 2 out of 10 to VBTX. In the last year, VBTX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
VBTX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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21.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.96 to 30.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.41 to 34.79. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for VBTX is down. |
| ChartMill Relative Strength | 43.8 | NEUTRAL | VBTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VBTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VBTX is below a declining 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) | 34.48 | NEUTRAL | The RSI value for VBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests VBTX has a negative trend. |
| Stochastics (14,3) | 17.1 | OVERSOLD | The low Stochastics value suggests VBTX may be oversold. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for VBTX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.35 | POSITIVE | The high ADX value value for VBTX suggests a strong trend. |
30.26
+0.3 (+1%)
VERITEX HOLDINGS INC / VBTX FAQ
What is the ChartMill technical rating of VERITEX HOLDINGS INC (VBTX) stock?
ChartMill assigns a technical rating of 2 / 10 to VBTX.
What is the current trend direction of VERITEX HOLDINGS INC (VBTX) stock?
The current trend direction for VERITEX HOLDINGS INC (VBTX) is Bullish.
Can you provide the RSI signal for VERITEX HOLDINGS INC?
VERITEX HOLDINGS INC (VBTX) has an RSI value of 34.4758. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for VERITEX HOLDINGS INC?
The buy/sell signal for VERITEX HOLDINGS INC (VBTX) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for VERITEX HOLDINGS INC?
VERITEX HOLDINGS INC (VBTX) has a support level at 30.25 and a resistance level at 34.41. Check the full technical report for our detailed analysis of VBTX support and resistance levels.