VELOCITY FINANCIAL INC (VEL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VEL - US92262D1019 - Common Stock
Taking everything into account, VEL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VEL is only an average performer.
VEL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.07, a Stop Loss order could be placed below this zone.
More info and screens
16.32
We found 4 important support areas.
- A support zone ranging from 18.86 to 19.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.87 to 18.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.79 from a horizontal line in the daily time frame.
- Support @16.48 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.56 to 19.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for VEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEL is up. |
| ChartMill Relative Strength | 50.48 | NEUTRAL | VEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VEL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.07 | NEUTRAL | The RSI value for VEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests VEL has a negative trend. |
| Stochastics (14,3) | 61.03 | NEUTRAL | The Stochastics value for VEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for VEL suggests some volalility. |
| Average Directional Index/ADX (14) | 8.73 | NEGATIVE | The low ADX value for VEL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 19.67 | 19.11 | 0.56 (2.85%) | 25.00% |
| An entry @19.67. This is a Buy Stop order right above the resistance zone. | An exit @19.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.56 points, which is 2.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of VEL. Please evaluate whether better entry and exit points can be found.
- 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.
19.52
-0.03 (-0.15%)
VELOCITY FINANCIAL INC / VEL FAQ
What is the ChartMill technical rating of VELOCITY FINANCIAL INC (VEL) stock?
ChartMill assigns a technical rating of 8 / 10 to VEL.
What is the current trend direction of VELOCITY FINANCIAL INC (VEL) stock?
The current trend direction for VELOCITY FINANCIAL INC (VEL) is Bullish.
What is the RSI signal for VELOCITY FINANCIAL INC (VEL) stock?
VELOCITY FINANCIAL INC (VEL) has an RSI value of 58.0681. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VELOCITY FINANCIAL INC?
The short term momentum for VELOCITY FINANCIAL INC (VEL) is positive.
What are the support and resistance levels for VELOCITY FINANCIAL INC (VEL) stock?
VELOCITY FINANCIAL INC (VEL) has a support level at 19.07 and a resistance level at 19.56. Check the full technical report for our detailed analysis of VEL support and resistance levels.