VERMILION ENERGY INC(TSX:VET) stock Technical Analysis

Technical Rating and Analysis

Taking everything into account, VET scores 1 out of 10 in our technical rating. VET 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.

94% of all other stocks performed better in the past year than VET.

VET is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 81% are performing better than VET.

VET is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VET is lagging the market.

In the last month VET has a been trading in the 8.17 - 9.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VERMILION ENERGY INC / VET Weekly stock chart

VERMILION ENERGY INC / VET Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, VET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.91

13.56

4 important resistance areas can be observed.

A resistance zone ranging from 9.26 to 9.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.65 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @12.79 from a trend line in the weekly time frame.
Resistance @13.43 from a trend line in the weekly time frame.

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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 VET.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VET.CA is down.
ChartMill Relative Strength	6.67	NEGATIVE	VET.CA has a low relative strength, it was outperformed by 93.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VET.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VET.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VET.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.31	NEUTRAL	The RSI value for VET.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests VET.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	40.38	NEUTRAL	The Stochastics value for VET.CA is a neutral value.
Average True Range in percent/ATR (20)	4.33	MEDIUM VOLATILITY	The ATR as a percentage value for VET.CA suggests some volalility.
Average Directional Index/ADX (14)	22.11	NEUTRAL	The ADX value for VET.CA suggests a possible start of a new trend.