VELOCITY FINANCIAL INC (VEL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VEL - US92262D1019 - Common Stock
Overall VEL gets a technical rating of 1 out of 10. VEL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, VEL does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 18.14, a Stop Loss order could be placed below this zone.
More info and screens
16.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.87 to 18.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.79 from a horizontal line 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 one important area.
- A resistance zone ranging from 18.36 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 | 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 | 31.19 | NEUTRAL | VEL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of VEL is below a declining 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) | 47.29 | NEUTRAL | The RSI value for VEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VEL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.21 | NEUTRAL | The Stochastics value for VEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for VEL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for VEL suggests a weak or negative trend. |
18.35
-0.08 (-0.43%)
VELOCITY FINANCIAL INC / VEL FAQ
What is the ChartMill technical rating of VELOCITY FINANCIAL INC (VEL) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for VELOCITY FINANCIAL INC (VEL) stock?
VELOCITY FINANCIAL INC (VEL) has an RSI value of 47.2898. 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 neutral.
What are the support and resistance levels for VELOCITY FINANCIAL INC (VEL) stock?
VELOCITY FINANCIAL INC (VEL) has a support level at 18.14 and a resistance level at 18.36. Check the full technical report for our detailed analysis of VEL support and resistance levels.