VERICITY INC (VERY) Stock Technical Analysis
NASDAQ:VERY - Nasdaq - US92347D1000 - Common Stock - Currency: USD
Overall VERY gets a technical rating of 7 out of 10. Both in the recent history as in the last year, VERY has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 one of the better performing stocks in the Insurance industry, it outperforms 95% of 142 stocks in the same industry.
VERY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VERY is leading 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.
VERY has an excellent technical rating and 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. Another positive sign is the recent Pocket Pivot signal.
- 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
11.54
3 important support areas can be observed.
- 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. |
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)
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 trade has a worst case loss of 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.33%
1 Week0.97%
2 Weeks0.09%
1 Month1.33%
3 Month0.7%
6 Month2.14%
12 Month89.55%
2 Year60.31%
3 Year15.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.22%
ATR Inc-19.25%
Range Today0.03
ADR(20)0.12
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.18
Mansfield0.03
10 Day High11.43
10 Day Low11.28
20 Day High12.14
20 Day Low11.28
52 Week High12.14
52 Week Low4.7
CS1 End11.39
CR1 StartN/A
Volume & EV
DER(3)-0.37%
DER(5)0.14%
Volume110.90K
Volume Incr874.22%
Vol(5)24.94K
Vol(50)4.26K