VENUS CONCEPT INC (VERO) Stock Technical Analysis
NASDAQ:VERO - Nasdaq - US92332W3034 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to VERO. VERO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, VERO is a bad performer in the overall market: 94% of all stocks are doing better.
VERO is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 73% are performing better than VERO.
VERO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
VERO has an average volume of 1742000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month VERO has a been trading in the 2.40 - 3.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, VERO does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.15
3.82
When analyzing the support we notice one important area.
- A support zone ranging from 2.17 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.54 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.63 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.78 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 | DOWN | NEGATIVE | The long term trend for VERO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VERO is neutral. |
| ChartMill Relative Strength | 6.36 | NEGATIVE | VERO has a low relative strength, it was outperformed by 93.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VERO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VERO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.32 | NEUTRAL | The RSI value for VERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VERO has a negative trend. |
| Stochastics (14,3) | 34.23 | NEUTRAL | The Stochastics value for VERO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for VERO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.79 | POSITIVE | The high ADX value value for VERO suggests a strong 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)
2.52
-0.12 (-4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.55%
1 Week-4.91%
2 Weeks-0.4%
1 Month-14.58%
3 Month2.44%
6 Month-31.82%
12 Month-67.74%
2 Year-87.81%
3 Year-97.36%
5 Year-99.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.85%
ATR Inc98.52%
Range Today0.21
ADR(20)0.19
ADR(20)%7.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.36
Mansfield-4.08
10 Day High2.77
10 Day Low2.42
20 Day High3.09
20 Day Low2.4
52 Week High14.5
52 Week Low2.1
CS1 End2.2
CR1 Start2.54
Volume & EV
DER(3)-7.95%
DER(5)-5.86%
Volume39.95K
Volume Incr-95.18%
Vol(5)53.12K
Vol(50)1.74M