VALLEY NATIONAL BANCORP (VLY) Stock Technical Analysis
NASDAQ:VLY - US9197941076 - Common Stock
10.51 USD
+0.1 (+0.96%)
10.51 USD
0 (0%)
Taking everything into account, VLY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VLY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
VLY is part of the Banks industry. There are 395 other stocks in this industry. VLY outperforms 82% of them.
VLY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VLY is lagging the market slightly.
In the last month VLY has a been trading in the 9.08 - 10.59 range, which is quite wide. It is currently trading near the high of this range.
VLY has an average volume of 8525000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that VLY is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
VLY 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.
More info and screens
8.44
10.90
We found 4 important support areas.
- A support zone ranging from 9.60 to 9.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.41 from a trend line in the weekly time frame.
- A support zone ranging from 9.07 to 9.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.65 to 10.79. 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 VLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLY is up. |
| ChartMill Relative Strength | 82.28 | POSITIVE | VLY has a high relative strength, it outperformed 82.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLY is above 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 | POSITIVE | The current price of VLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.86 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests VLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.26 | OVERBOUGHT | The high Stochastics value suggests VLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.53 | POSITIVE | The high ADX value value for VLY suggests a strong 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)
10.51
+0.1 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.96%
1 Week0.96%
2 Weeks7.68%
1 Month13.01%
3 Month18.09%
6 Month17.04%
12 Month29.43%
2 Year22.78%
3 Year-2.69%
5 Year53.43%
10 Year6.81%
15 Year-18.53%
Volatility
ATR(14)0.23
ATR(20)%2.31%
ATR Inc8.93%
Range Today0.17
ADR(20)0.24
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.28
Mansfield0.35
10 Day High10.59
10 Day Low9.65
20 Day High10.59
20 Day Low9.08
52 Week High11.1
52 Week Low7.48
CS1 End9.72
CR1 Start10.65
Volume & EV
DER(3)4.06%
DER(5)3.08%
Volume7.61M
Volume Incr-8.03%
Vol(5)7.27M
Vol(50)8.53M