VERMILION ENERGY INC (VET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VET - CA9237251058 - Common Stock
Taking everything into account, VET scores 8 out of 10 in our technical rating. Although VET is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
VET has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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7.00
5 important support areas can be observed.
- A support zone ranging from 8.54 to 8.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.60 from a trend line in the daily time frame.
- Support @7.46 from a trend line in the weekly time frame.
- A support zone ranging from 7.20 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.07 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.28 to 9.28. 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 | 66.74 | 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) | UP | POSITIVE | The current price of VET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.46 | 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) | 60.75 | NEUTRAL | The Stochastics value for VET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for VET suggests some volalility. |
| Average Directional Index/ADX (14) | 30.36 | POSITIVE | The high ADX value value for VET suggests a strong trend. |
9.27
+0.61 (+7.04%)
VERMILION ENERGY INC / VET FAQ
What is the technical rating for VET stock?
ChartMill assigns a technical rating of 8 / 10 to VET.
What is the trend direction for VET stock?
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 64.46. 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 positive.
What is the support and resistance level for VET stock?
VERMILION ENERGY INC (VET) has a support level at 8.61 and a resistance level at 9.28. Check the full technical report for our detailed analysis of VET support and resistance levels.