VELOCITY FINANCIAL INC (VEL) Stock Technical Analysis
NYSE:VEL - New York Stock Exchange, Inc. - US92262D1019 - Common Stock - Currency: USD
Overall VEL gets a technical rating of 3 out of 10. VEL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
VEL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, VEL outperforms 43% of them, which is more or less in line with the market.
VEL is an average performer in the Financial Services industry, it outperforms 54% of 101 stocks in the same industry.
In the last month VEL has a been trading in the 16.19 - 18.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of VEL is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.14
20.84
2 important support areas can be observed.
- A support zone ranging from 17.26 to 17.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.30 to 16.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.50 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.05 to 19.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.40 to 20.63. 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 | NEUTRAL | NEUTRAL | The long term trend for VEL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VEL is neutral. |
| ChartMill Relative Strength | 43.48 | NEUTRAL | VEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VEL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VEL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VEL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.38 | NEUTRAL | The RSI value for VEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VEL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.08 | NEUTRAL | The Stochastics value for VEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for VEL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.14 | POSITIVE | The high ADX value value for VEL 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)
17.58
+1.25 (+7.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg7.65%
1 Week7.52%
2 Weeks0.46%
1 Month-2.6%
3 Month7.85%
6 Month-5.59%
12 Month-4.09%
2 Year41.89%
3 Year53.94%
5 Year231.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%2.56%
ATR Inc186.57%
Range Today1.06
ADR(20)0.41
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.48
Mansfield-1.36
10 Day High17.99
10 Day Low16.19
20 Day High18.2
20 Day Low16.19
52 Week High20.98
52 Week Low16.12
CS1 End17.43
CR1 Start18.5
Volume & EV
DER(3)1.43%
DER(5)2.27%
Volume172.90K
Volume Incr11.44%
Vol(5)86.18K
Vol(50)142.24K