VERX Technical Analysis - VERTEX INC - CLASS A

Technical Rating and Analysis

Overall VERX gets a technical rating of 1 out of 10. VERX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, VERX is a bad performer in the overall market: 95% of all stocks are doing better.

VERX is one of the lesser performing stocks in the Software industry. 81% of 281 stocks in the same industry do better.

VERX 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.

In the last month VERX has a been trading in the 23.36 - 26.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

VERX has an average volume of 1630080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VERTEX INC - CLASS A / VERX Weekly stock chart

VERTEX INC - CLASS A / VERX Daily stock chart

Setup Rating and Analysis

VERX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.04, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.30

26.39

We found 1 important support area.

A support zone ranging from 23.54 to 24.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 24.83 to 25.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 25.74 to 26.13. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 VERX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VERX is down.
ChartMill Relative Strength	5.72	NEGATIVE	VERX has a low relative strength, it was outperformed by 94.28% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of VERX is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VERX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VERX is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.63	NEUTRAL	The RSI value for VERX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests VERX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	42.4	NEUTRAL	The Stochastics value for VERX is a neutral value.
Average True Range in percent/ATR (20)	3.99	MEDIUM VOLATILITY	The ATR as a percentage value for VERX suggests some volalility.
Average Directional Index/ADX (14)	18.01	NEGATIVE	The low ADX value for VERX suggests a weak or negative trend.