VALLEY NATIONAL BANCORP (VLY) Technical Analysis
NASDAQ:VLY • US9197941076
Current stock price
VLY Technical Rating and Analysis
Taking everything into account, VLY scores 3 out of 10 in our technical rating. Although VLY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month VLY has a been trading in the 11.45 - 13.45 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that VLY is one of the better performing stocks in the market, outperforming 80% of all stocks.
- VLY is one of the better performing stocks in the Banks industry, it outperforms 82% of 381 stocks in the same industry.
- VLY has an average volume of 8804380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- VLY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VLY is lagging the market slightly.
VLY Weekly and Daily overview Charts
VLY Setup Rating and Analysis
Although the technical rating is bad, VLY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.72, a Stop Loss order could be placed below this zone.
More info and screens
VLY Support and Resistance Analysis
9.32
4 important support areas can be observed.
- A support zone ranging from 11.72 to 11.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.36 to 11.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.66 from a horizontal line in the daily time frame.
- Support @9.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @12.95 from a trend line in the daily time frame.
- Resistance @13.38 from a horizontal line in the daily time frame.
VLY 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 | NEUTRAL | NEUTRAL | The long term trend for VLY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VLY is down. |
| ChartMill Relative Strength | 80.62 | POSITIVE | VLY has a high relative strength, it outperformed 80.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VLY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.29 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests VLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.25 | OVERSOLD | The low Stochastics value suggests VLY may be oversold. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.16 | POSITIVE | The high ADX value value for VLY suggests a strong trend. |
VLY Chart- and CandleStick Pattern Analysis
VLY Technicals: Chart, Performance Metrics, Trend & Indicators
11.73
-0.1 (-0.85%)
VALLEY NATIONAL BANCORP / VLY TA FAQ
What is the technical rating for VLY stock?
ChartMill assigns a technical rating of 3 / 10 to VLY.
Can you provide the trend direction for VALLEY NATIONAL BANCORP?
The current trend direction for VALLEY NATIONAL BANCORP (VLY) is Bearish.
Can you provide the RSI signal for VALLEY NATIONAL BANCORP?
VALLEY NATIONAL BANCORP (VLY) has an RSI value of 36.2884. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for VALLEY NATIONAL BANCORP?
VALLEY NATIONAL BANCORP (VLY) has a support level at 11.72 and a resistance level at 12.95. Check the full technical report for our detailed analysis of VLY support and resistance levels.