VEON LTD (VEON) Stock Technical Analysis
NASDAQ:VEON - Nasdaq - US91822M5022 - ADR - Currency: USD
We assign a technical rating of 10 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, VEON did better than 93% of all other 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 95% of them.
VEON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VEON is performing more or less in line with the market.
In the last month VEON has a been trading in the 46.50 - 58.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although VEON has an excellent technical rating, it does not present a decent entry opportunity 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
35.61
49.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 49.22 to 49.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.46 from a trend line in the weekly time frame.
- Support @41.30 from a trend line in the daily time frame.
- Support @35.97 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 | UP | POSITIVE | The long term trend for VEON is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VEON is neutral. |
| ChartMill Relative Strength | 93.97 | POSITIVE | VEON has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VEON is below 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) | 46.62 | NEUTRAL | The RSI value for VEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests VEON has a negative trend. |
| Stochastics (14,3) | 11.86 | OVERSOLD | The low Stochastics value suggests VEON may be oversold. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for VEON suggests high volalility. |
| Average Directional Index/ADX (14) | 20.53 | 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)
49.23
-2.46 (-4.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-4.76%
1 Week-7.03%
2 Weeks-7.34%
1 Month2.82%
3 Month9.62%
6 Month41.71%
12 Month82.74%
2 Year140.85%
3 Year328.09%
5 Year9.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%5.92%
ATR Inc-16.96%
Range Today2.99
ADR(20)2.62
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield2.76
10 Day High56.4
10 Day Low48.59
20 Day High58.3
20 Day Low46.5
52 Week High58.3
52 Week Low25.31
CS1 End50.04
CR1 StartN/A
Volume & EV
DER(3)-0.2%
DER(5)-1.87%
Volume118.40K
Volume Incr-52.45%
Vol(5)125.84K
Vol(50)179.90K