VERMILION ENERGY INC (VET) Stock Technical Analysis
USA - NYSE:VET - CA9237251058 - Common Stock
Taking everything into account, VET scores 0 out of 10 in our technical rating. VET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, VET does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VET in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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6.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.20 to 7.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.06 to 7.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.37 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.24 to 8.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.59 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for VET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VET is down. |
| ChartMill Relative Strength | 18.53 | NEGATIVE | VET has a low relative strength, it was outperformed by 81.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.36 | NEUTRAL | The RSI value for VET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VET has a negative trend. |
| Stochastics (14,3) | 55.57 | NEUTRAL | The Stochastics value for VET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for VET suggests some volalility. |
| Average Directional Index/ADX (14) | 16.14 | NEGATIVE | The low ADX value for VET suggests a weak or negative trend. |
7.36
-0.15 (-2%)
VERMILION ENERGY INC / VET FAQ
What is the technical rating for VET stock?
ChartMill assigns a technical rating of 0 / 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 44.359. 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 negative.
What is the support and resistance level for VET stock?
VERMILION ENERGY INC (VET) has a support level at 7.33 and a resistance level at 7.37. Check the full technical report for our detailed analysis of VET support and resistance levels.