Taking everything into account, VENU scores 1 out of 10 in our technical rating. VENU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of VENU is bad and it also does not present a quality setup 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
7.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.97 to 8.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.73 to 7.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.29 to 9.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.83 to 9.98. 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 | 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 | 15.78 | NEGATIVE | VENU has a low relative strength, it was outperformed by 84.22% 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) | UP | MIXED | The current price of VENU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.97 | NEUTRAL | The RSI value for VENU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests VENU has a positive trend. |
| Stochastics (14,3) | 55.14 | NEUTRAL | The Stochastics value for VENU is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for VENU suggests high volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for VENU suggests a possible start of a new trend. |
9.28
+0.56 (+6.42%)
VENU HOLDING CORP / VENU FAQ
What is the ChartMill technical rating of VENU HOLDING CORP (VENU) stock?
ChartMill assigns a technical rating of 1 / 10 to VENU.
Can you provide the trend direction for VENU HOLDING CORP?
The current trend direction for VENU HOLDING CORP (VENU) is Bearish.
What is the RSI signal for VENU stock?
VENU HOLDING CORP (VENU) has an RSI value of 52.973. This indicates that the stock is currently neutral.
What is the support and resistance level for VENU stock?
VENU HOLDING CORP (VENU) has a support level at 8 and a resistance level at 9.29. Check the full technical report for our detailed analysis of VENU support and resistance levels.