VALLEY NATIONAL BANCORP (VLY) Stock Technical Analysis
NASDAQ:VLY - Nasdaq - US9197941076 - Common Stock - Currency: USD
Overall VLY gets a technical rating of 8 out of 10. VLY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VLY is one of the better performing stocks in the market, outperforming 75% of all stocks.
VLY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
VLY has an average volume of 9450850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VLY is part of the Banks industry. There are 394 other stocks in this industry, VLY did better than 64% of them.
VLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VLY is lagging the market.
VLY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.23
10.90
We found 2 important support areas.
- A support zone ranging from 8.90 to 9.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.31 to 8.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @9.62 from a trend line in the daily time frame.
- Resistance @9.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.36 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 | 75.14 | POSITIVE | VLY has a high relative strength, it outperformed 75.14% 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) | 63.97 | 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) | 84.63 | OVERBOUGHT | The high Stochastics value suggests VLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for VLY suggests a possible start of a new 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)
9.6
+0.09 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.95%
1 Week0.73%
2 Weeks7.14%
1 Month7.62%
3 Month16.36%
6 Month0.1%
12 Month19.7%
2 Year-6.43%
3 Year-17.88%
5 Year28.51%
10 Year-3.23%
15 Year-33.84%
Volatility
ATR(14)0.22
ATR(20)%2.46%
ATR Inc-32.55%
Range Today0.17
ADR(20)0.21
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.14
Mansfield-0.23
10 Day High9.74
10 Day Low8.82
20 Day High9.74
20 Day Low8.36
52 Week High11.1
52 Week Low7.18
CS1 End9.1
CR1 Start9.62
Volume & EV
DER(3)-1.43%
DER(5)-0.34%
Volume6.95M
Volume Incr-36.28%
Vol(5)7.03M
Vol(50)9.45M