VERMILION ENERGY INC (VET) Stock Technical Analysis
USA - NYSE:VET - CA9237251058 - Common Stock
We assign a technical rating of 4 out of 10 to VET. VET has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
VET has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.00
3 important support areas can be observed.
- Support @8.27 from a trend line in the weekly time frame.
- A support zone ranging from 7.20 to 7.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.07 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.35 from a trend line in the daily time frame.
- A resistance zone ranging from 8.57 to 8.60. 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 | NEUTRAL | NEUTRAL | The long term trend for VET is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VET is neutral. |
| ChartMill Relative Strength | 35.71 | NEUTRAL | VET is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of VET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.52 | NEUTRAL | The RSI value for VET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VET has a positive trend. |
| Stochastics (14,3) | 75.95 | NEUTRAL | The Stochastics value for VET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for VET suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for VET suggests a weak or negative trend. |
8.35
+0.39 (+4.9%)
VERMILION ENERGY INC / VET FAQ
What is the technical rating for VET stock?
ChartMill assigns a technical rating of 4 / 10 to VET.
What is the trend direction for VET stock?
The current trend direction for VERMILION ENERGY INC (VET) is Bearish.
What is the RSI signal for VERMILION ENERGY INC (VET) stock?
VERMILION ENERGY INC (VET) has an RSI value of 64.5222. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VERMILION ENERGY INC?
The short term momentum for VERMILION ENERGY INC (VET) is neutral.
What is the support and resistance level for VET stock?
VERMILION ENERGY INC (VET) has a support level at 8.27 and a resistance level at 8.35. Check the full technical report for our detailed analysis of VET support and resistance levels.