VENU HOLDING CORP (VENU) Technical Analysis
NYSEARCA:VENU • US92333E1047
Current stock price
VENU Technical Rating and Analysis
Taking everything into account, VENU scores 1 out of 10 in our technical rating. VENU'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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, VENU is a bad performer in the overall market: 94% of all stocks are doing better.
- VENU is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 89% are performing better than VENU.
- VENU is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month VENU has a been trading in the 3.15 - 4.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
VENU Weekly and Daily overview Charts
VENU Setup Rating and Analysis
VENU 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.
More info and screens
VENU Support and Resistance Analysis
3.68
When analyzing the support we notice one important area.
- Support @3.72 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.15 from a trend line in the daily time frame.
- A resistance zone ranging from 4.41 to 4.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
VENU Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for VENU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VENU is neutral. |
| ChartMill Relative Strength | 6.78 | NEGATIVE | VENU has a low relative strength, it was outperformed by 93.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VENU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VENU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VENU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for VENU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VENU has a positive trend. |
| Stochastics (14,3) | 22.95 | NEUTRAL | The Stochastics value for VENU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for VENU suggests high volalility. |
| Average Directional Index/ADX (14) | 18.48 | NEGATIVE | The low ADX value for VENU suggests a weak or negative trend. |
VENU Chart- and CandleStick Pattern Analysis
VENU Technicals: Chart, Performance Metrics, Trend & Indicators
3.97
+0.12 (+3.12%)
VENU HOLDING CORP / VENU TA FAQ
What is the ChartMill technical rating of VENU HOLDING CORP (VENU) stock?
ChartMill assigns a technical rating of 1 / 10 to VENU.
What is the current trend direction of VENU HOLDING CORP (VENU) stock?
The current trend direction for VENU HOLDING CORP (VENU) is Bearish.
What is the RSI signal for VENU HOLDING CORP (VENU) stock?
VENU HOLDING CORP (VENU) has an RSI value of 51.0284. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VENU HOLDING CORP?
The short term momentum for VENU HOLDING CORP (VENU) is neutral.