VERMILION ENERGY INC (VET) Stock Technical Analysis
NYSE:VET • CA9237251058
We assign a technical rating of 9 out of 10 to VET. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VET is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that VET is one of the better performing stocks in the market, outperforming 75% of all stocks.
- VET 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.
- In the last month VET has a been trading in the 9.15 - 10.92 range, which is quite wide. It is currently trading near the high of this range.
- VET has an average volume of 1702680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- VET is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 206 stocks in the same industry.
VET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
7.21
6 important support areas can be observed.
- A support zone ranging from 10.19 to 10.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.94 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.59 from a horizontal line in the daily time frame.
- Support @8.17 from a trend line in the daily time frame.
- Support @7.96 from a trend line in the weekly time frame.
- A support zone ranging from 7.28 to 7.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.61 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 VET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VET is up. |
| ChartMill Relative Strength | 75.36 | POSITIVE | VET has a high relative strength, it outperformed 75.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.09 | NEUTRAL | The RSI value for VET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VET has a positive trend. |
| Stochastics (14,3) | 80.05 | OVERBOUGHT | The high Stochastics value suggests VET may be overbought. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for VET suggests some volalility. |
| Average Directional Index/ADX (14) | 26.5 | POSITIVE | The high ADX value value for VET 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 |
|---|---|---|---|
| 10.62 | 10.18 | 0.44 (4.14%) | 24.14% |
| An entry @10.62. This is a Buy Stop order right above the resistance zone. | An exit @10.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 4.14%. | For a 1.00% total portfolio risk, you can invest 24.14% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VET. Please evaluate whether better entry and exit points can be found.
- 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.
10.6
+0.06 (+0.57%)
VERMILION ENERGY INC / VET FAQ
What is the technical rating for VET stock?
ChartMill assigns a technical rating of 9 / 10 to VET.
Can you provide the trend direction for VERMILION ENERGY INC?
The current trend direction for VERMILION ENERGY INC (VET) is Bullish.
What is the RSI signal for VERMILION ENERGY INC (VET) stock?
VERMILION ENERGY INC (VET) has an RSI value of 64.0858. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VERMILION ENERGY INC?
The MACD indicator for VERMILION ENERGY INC (VET) has a value of 0.00595138, indicating a bearish trend.
What is the support and resistance level for VET stock?
VERMILION ENERGY INC (VET) has a support level at 10.29 and a resistance level at 10.61. Check the full technical report for our detailed analysis of VET support and resistance levels.