VENU HOLDING CORP (VENU) Stock Technical Analysis
USA - NYSEARCA:VENU - US92333E1047 - Common Stock
We assign a technical rating of 5 out of 10 to VENU. Although VENU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, VENU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.19, a Stop Loss order could be placed below this zone.
More info and screens
11.55
4 important support areas can be observed.
- A support zone ranging from 12.85 to 13.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.45 from a trend line in the daily time frame.
- Support @11.87 from a horizontal line in the daily time frame.
- A support zone ranging from 11.67 to 11.67. 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 13.66 to 13.66. 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 | UP | POSITIVE | The long term trend for VENU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VENU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | VENU has a low relative strength, it was outperformed by 100% 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 | MIXED | The current price of VENU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VENU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.14 | NEUTRAL | The RSI value for VENU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VENU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.52 | OVERBOUGHT | The high Stochastics value suggests VENU may be overbought. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for VENU suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for VENU suggests a weak or negative trend. |
13.65
+0.08 (+0.59%)
VENU HOLDING CORP / VENU FAQ
What is the ChartMill technical rating of VENU HOLDING CORP (VENU) stock?
ChartMill assigns a technical rating of 5 / 10 to VENU.
What is the trend direction for VENU stock?
The current trend direction for VENU HOLDING CORP (VENU) is Bullish.
What is the RSI signal for VENU stock?
VENU HOLDING CORP (VENU) has an RSI value of 57.1393. This indicates that the stock is currently neutral.
What is the buy/sell signal for VENU HOLDING CORP (VENU) stock?
The buy/sell signal for VENU HOLDING CORP (VENU) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for VENU HOLDING CORP (VENU) stock?
VENU HOLDING CORP (VENU) has a support level at 13.19 and a resistance level at 13.66. Check the full technical report for our detailed analysis of VENU support and resistance levels.