VALLEY NATIONAL BANCORP (VLY) Stock Technical Analysis
NASDAQ:VLY - Nasdaq - US9197941076 - Common Stock - Currency: USD
Overall VLY gets a technical rating of 3 out of 10. VLY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month VLY has a been trading in the 8.37 - 9.34 range, which is quite wide. It is currently trading near the lows of this range.
VLY has an average volume of 9580750 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!
When comparing the yearly performance of all stocks, we notice that VLY is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
VLY is an average performer in the Banks industry, it outperforms 48% of 396 stocks in the same industry.
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.
The technical rating of VLY is bad and it also does not present a quality setup 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.
More info and screens
7.78
10.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.06 to 8.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.86 to 7.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.85 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.81 to 9.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.43 to 10.52. 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 VLY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VLY is down. |
| ChartMill Relative Strength | 72.89 | POSITIVE | VLY has a high relative strength, it outperformed 72.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VLY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VLY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.15 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VLY has a negative trend. |
| Stochastics (14,3) | 15.24 | OVERSOLD | The low Stochastics value suggests VLY may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.97 | NEGATIVE | The low ADX value for VLY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.7
+0.01 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.12%
1 Week-5.02%
2 Weeks-1.25%
1 Month1.28%
3 Month-8.76%
6 Month-17.61%
12 Month18.21%
2 Year17.89%
3 Year-31.55%
5 Year9.02%
10 Year-11.04%
15 Year-39.83%
Volatility
ATR(14)0.22
ATR(20)%2.63%
ATR Inc16.89%
Range Today0.24
ADR(20)0.2
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.89
Mansfield-0.26
10 Day High9.34
10 Day Low8.49
20 Day High9.34
20 Day Low8.37
52 Week High11.1
52 Week Low6.47
CS1 End8.1
CR1 Start8.85
Volume & EV
DER(3)4.71%
DER(5)6.86%
Volume8.49M
Volume Incr17.84%
Vol(5)9.68M
Vol(50)9.58M