Taking everything into account, VEON scores 7 out of 10 in our technical rating. In the last year, VEON was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, VEON also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 52.25, a Stop Loss order could be placed below this zone.
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42.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 50.20 to 52.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.16 from a horizontal line in the daily time frame.
- A support zone ranging from 44.97 to 45.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.26 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @52.46 from a trend line in the daily time frame.
- Resistance @53.40 from a horizontal line in the daily time frame.
- Resistance @54.95 from a horizontal line in the daily time frame.
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 VEON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEON is up. |
| ChartMill Relative Strength | 80.54 | POSITIVE | VEON has a high relative strength, it outperformed 80.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VEON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VEON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.7 | NEUTRAL | The RSI value for VEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests VEON has a positive trend. |
| Stochastics (14,3) | 63.44 | NEUTRAL | The Stochastics value for VEON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for VEON suggests some volalility. |
| Average Directional Index/ADX (14) | 13.76 | NEGATIVE | The low ADX value for VEON suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.47 | 50.19 | 2.28 (4.35%) | 23.01% |
| An entry @52.47. This is a Buy Stop order right above the resistance zone. | An exit @50.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.28 points, which is 4.35%. | For a 1.00% total portfolio risk, you can invest 23.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VEON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
52.45
-0.65 (-1.22%)
VEON LTD / VEON FAQ
Can you provide the ChartMill technical rating for VEON LTD?
ChartMill assigns a technical rating of 7 / 10 to VEON.
What is the trend direction for VEON stock?
The current trend direction for VEON LTD (VEON) is Bullish.
What is the RSI signal for VEON stock?
VEON LTD (VEON) has an RSI value of 56.7036. This indicates that the stock is currently neutral.
What is the MACD signal for VEON stock?
The MACD indicator for VEON LTD (VEON) has a value of 0.142676, indicating a bearish trend.
Can you provide the buy/sell signal for VEON LTD?
The buy/sell signal for VEON LTD (VEON) is buy as both the short term and long term trends are positive.