VEON LTD (VEON) Stock Technical Analysis
NASDAQ:VEON • US91822M5022
We assign a technical rating of 8 out of 10 to VEON. Both in the recent history as in the last year, VEON has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that VEON is one of the better performing stocks in the market, outperforming 70% of all stocks.
- VEON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VEON is lagging the market slightly.
- In the last month VEON has a been trading in the 51.77 - 56.74 range, which is quite wide. It is currently trading near the high of this range.
- VEON is an average performer in the Wireless Telecommunication Services industry, it outperforms 52% of 22 stocks in the same industry.
VEON has an excellent technical rating, but the quality of the setup is 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
42.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.00 to 54.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.20 to 47.65. 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.
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 | 70.83 | POSITIVE | VEON has a high relative strength, it outperformed 70.83% 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) | 61.25 | NEUTRAL | The RSI value for VEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests VEON has a positive trend. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests VEON may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for VEON suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | 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 |
|---|---|---|---|
| 56.75 | 51.97 | 4.78 (8.42%) | 11.87% |
| An entry @56.75. This is a Buy Stop order right above the 10 day high. | An exit @51.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.78 points, which is 8.42%. | When investing 11.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
56.24
+0.65 (+1.17%)
VEON LTD / VEON FAQ
Can you provide the ChartMill technical rating for VEON LTD?
ChartMill assigns a technical rating of 8 / 10 to VEON.
What is the current trend direction of VEON LTD (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 61.2526. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VEON LTD?
The MACD indicator for VEON LTD (VEON) has a value of 0.187368, indicating a bearish trend.
What are the support and resistance levels for VEON LTD (VEON) stock?
VEON LTD (VEON) has a support level at 54.06. Check the full technical report for our detailed analysis of VEON support and resistance levels.