VELOCITY FINANCIAL INC (VEL) Stock Technical Analysis
USA - NYSE:VEL - US92262D1019 - Common Stock
18.72 USD
-0.26 (-1.37%)
18.72 USD
0 (0%)
We assign a technical rating of 6 out of 10 to VEL. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, VEL is a bad performer.
When comparing the yearly performance of all stocks, VEL is a bad performer in the overall market: 77% of all stocks are doing better.
VEL is part of the Financial Services industry. There are 101 other stocks in this industry, of which 71% are performing better than VEL.
The long and short term trends are both positive. This is looking good!
VEL 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.
VEL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VEL is lagging the market.
In the last month VEL has a been trading in a tight range between 18.44 and 19.36.
Although the technical rating is only medium, VEL does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
16.14
19.41
When analyzing the support we notice one important area.
- A support zone ranging from 16.30 to 16.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.91 to 19.22. 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 VEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEL is up. |
| ChartMill Relative Strength | 23.08 | NEGATIVE | VEL has a low relative strength, it was outperformed by 76.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VEL is below a declining 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) | 51.5 | NEUTRAL | The RSI value for VEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests VEL has a negative trend. |
| Stochastics (14,3) | 35.91 | NEUTRAL | The Stochastics value for VEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for VEL suggests low volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for VEL suggests a weak or negative 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 |
|---|---|---|---|
| 19.23 | 18.43 | 0.80 (4.16%) | 24.04% |
| An entry @19.23. This is a Buy Stop order right above the resistance zone. | An exit @18.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.80 points, which is 4.16%. | For a 1.00% total portfolio risk, you can invest 24.04% of your capital in this trade. |
- 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.
18.72
-0.26 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.37%
1 Week-2.19%
2 Weeks-1.84%
1 Month-1.42%
3 Month-2.6%
6 Month-3.01%
12 Month-4.1%
2 Year65.66%
3 Year72.69%
5 Year272.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2%
ATR Inc52.09%
Range Today0.55
ADR(20)0.37
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.08
Mansfield-0.96
10 Day High19.3
10 Day Low18.44
20 Day High19.36
20 Day Low18.44
52 Week High20.98
52 Week Low16.12
CS1 End16.79
CR1 Start18.91
Volume & EV
DER(3)-2.29%
DER(5)-1.1%
Volume75.10K
Volume Incr-25.22%
Vol(5)84.03K
Vol(50)90.99K