VEON LTD (VEON) Stock Technical Analysis
NASDAQ:VEON - Nasdaq - US91822M5022 - ADR - Currency: USD
Overall VEON gets a technical rating of 9 out of 10. 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that VEON is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, VEON also shows a nice and consistent pattern of rising prices.
VEON is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry. VEON outperforms 85% of them.
VEON is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month VEON has a been trading in the 34.55 - 59.68 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VEON has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.77
49.89
We found 5 important support areas.
- A support zone ranging from 44.69 to 45.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.05 to 43.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.24 to 39.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.00 from a horizontal line in the daily time frame.
- Support @37.14 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for VEON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEON is up. |
| ChartMill Relative Strength | 93.36 | POSITIVE | VEON has a high relative strength, it outperformed 93.36% 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) | 60.27 | NEUTRAL | The RSI value for VEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests VEON has a positive trend. |
| Stochastics (14,3) | 77.11 | NEUTRAL | The Stochastics value for VEON is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for VEON suggests high volalility. |
| Average Directional Index/ADX (14) | 21.06 | NEUTRAL | The ADX value for VEON suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
49.4
+3.92 (+8.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg8.62%
1 Week13.93%
2 Weeks10.12%
1 Month10.17%
3 Month25.25%
6 Month9.58%
12 Month90.59%
2 Year175.67%
3 Year308.26%
5 Year16.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.25
ATR(20)%7.3%
ATR Inc236.32%
Range Today10.63
ADR(20)2.97
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.36
Mansfield1.89
10 Day High59.68
10 Day Low42.54
20 Day High59.68
20 Day Low34.55
52 Week High59.68
52 Week Low25.92
CS1 End45.54
CR1 StartN/A
Volume & EV
DER(3)-8.75%
DER(5)-4.88%
Volume1.00M
Volume Incr-7.4%
Vol(5)268.44K
Vol(50)261.02K