We assign a technical rating of 7 out of 10 to VLY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VLY is only an average performer.
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.
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8.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.66 to 10.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.18 to 10.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.66 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.16 from a horizontal line in the daily time frame.
- Support @8.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.33 to 11.36. 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 | 68.42 | NEUTRAL | VLY is not amongst the best or worst performers 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) | 61.54 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VLY has a positive trend. |
| Stochastics (14,3) | 86.26 | OVERBOUGHT | The high Stochastics value suggests VLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for VLY suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.37 | 10.33 | 1.04 (9.15%) | 10.93% |
| An entry @11.37. This is a Buy Stop order right above the resistance zone. | An exit @10.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.04 points, which is 9.15%. | For a 1.00% total portfolio risk, you can invest 10.93% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.32
-0.03 (-0.26%)
VALLEY NATIONAL BANCORP / VLY FAQ
What is the technical rating for VLY stock?
ChartMill assigns a technical rating of 7 / 10 to VLY.
What is the trend direction for VLY stock?
The current trend direction for VALLEY NATIONAL BANCORP (VLY) is Bullish.
What is the RSI signal for VLY stock?
VALLEY NATIONAL BANCORP (VLY) has an RSI value of 61.5374. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VALLEY NATIONAL BANCORP?
The short term momentum for VALLEY NATIONAL BANCORP (VLY) is positive.
What is the support and resistance level for VLY stock?
VALLEY NATIONAL BANCORP (VLY) has a support level at 10.89 and a resistance level at 11.33. Check the full technical report for our detailed analysis of VLY support and resistance levels.