VALLEY NATIONAL BANCORP (VLY)       10.91  -0.21 (-1.89%)

10.91  -0.21 (-1.89%)

US9197941076 - Common Stock - After market: 10.91 0 (0%)

Technical Rating

2

Overall VLY gets a technical rating of 2 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.



VLY has an average volume of 1766250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, VLY outperforms 66% of them, which is more or less in line with the market.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
VLY is one of the lesser performing stocks in the Banks industry. 61% of 310 stocks in the same industry do better.
VLY is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so VLY is not an exception.
In the last month VLY has a been trading in the 10.80 - 12.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -8.01% 3.02% -16.33% -19.60% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 66.93 10.01 - 15.1
VLY Weekly chart
VLY Daily chart

Support/Resistance Analysis


10.03

13.17
We found 2 important support areas.
  • Support @10.44 from a horizontal line in the weekly time frame.
  • Support @10.13 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
  • A resistance zone ranging from 11.57 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 12.15 to 12.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @12.54 from a trend line in the daily time frame.
  • A resistance zone ranging from 12.77 to 13.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

VLY has a poor technical rating and the quality of the setup is also 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.


VLY Daily chart

VALLEY NATIONAL BANCORP10.91

NASDAQ:VLY (9/27/2022, 3:30:02 PM)-0.21 (-1.89%)

After market: 10.91 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -1.89% 1 Week -8.32%
2 Weeks -6.59% 1 Month -8.01%
3 Month 3.02% 6 Month -16.33%
Volatility
ATR(14) 0.39 ATR(20)% 3.36%
ATR Inc -11.31% Range Today 0.44
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 66.93 Mansfield 0.06
10 Day High 12.08 10 Day Low 10.8
20 Day High 12.21 20 Day Low 10.8
52 Week High 15.1 52 Week Low 10.01
CS1 End 10.44 CR1 Start 11.57
Volume & EV
DER(3) -0.87% DER(5) -2.14%
Volume 1.86M Volume Incr -0.12%
Vol(5) 1.80M Vol(50) 1.77M

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