VERICITY INC (VERY) Stock Technical Analysis
NASDAQ:VERY • US92347D1000
Taking everything into account, VERY scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VERY is showing a nice and steady performance.
- In the last month VERY has a been trading in the 11.28 - 12.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: VERY has an average volume of 4258 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- VERY is part of the Insurance industry. There are 149 other stocks in this industry. VERY outperforms 100% of them.
- VERY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, VERY did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, VERY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 11.39, a Stop Loss order could be placed below this zone. 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
4.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.26 to 11.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.00 to 11.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.90 from a horizontal 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 VERY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VERY is neutral. |
| ChartMill Relative Strength | 95.18 | POSITIVE | VERY has a high relative strength, it outperformed 95.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VERY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VERY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.87 | NEUTRAL | The RSI value for VERY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VERY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.28 | NEUTRAL | The Stochastics value for VERY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for VERY suggests low volalility. |
| Average Directional Index/ADX (14) | 35.25 | POSITIVE | The high ADX value value for VERY suggests a strong 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 |
|---|---|---|---|
| 11.44 | 11.27 | 0.17 (1.49%) | 25.00% |
| An entry @11.44. This is a Buy Stop order right above the 10 day high. | An exit @11.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 1.49%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NASDAQ:VERY (6/27/2024, 8:00:03 PM)
11.43
+0.15 (+1.33%)
VERICITY INC / VERY FAQ
Can you provide the ChartMill technical rating for VERICITY INC?
ChartMill assigns a technical rating of 7 / 10 to VERY.
What is the current trend direction of VERICITY INC (VERY) stock?
The current trend direction for VERICITY INC (VERY) is Bullish.
Can you provide the RSI signal for VERICITY INC?
VERICITY INC (VERY) has an RSI value of 55.871. This indicates that the stock is currently neutral.
What is the MACD signal for VERY stock?
The MACD indicator for VERICITY INC (VERY) has a value of -0.000742303, indicating a bearish trend.
Can you provide the support and resistance levels for VERICITY INC?
VERICITY INC (VERY) has a support level at 11.39. Check the full technical report for our detailed analysis of VERY support and resistance levels.