VALLEY NATIONAL BANCORP (VLY) Technical Analysis
NASDAQ:VLY • US9197941076
Current stock price
VLY Technical Rating and Analysis
Overall VLY gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, VLY did better than 82% of all other stocks. On top of that, VLY also shows a nice and consistent pattern of rising prices.
- VLY is part of the Banks industry. There are 380 other stocks in this industry. VLY outperforms 86% of them.
- VLY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VLY is performing more or less in line with the market.
- In the last month VLY has a been trading in the 11.45 - 12.54 range, which is quite wide. It is currently trading near the high of this range.
- VLY has an average volume of 8910500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VLY Weekly and Daily overview Charts
VLY Setup Rating and Analysis
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. There is a support zone below the current price at 12.19, a Stop Loss order could be placed below this zone.
More info and screens
VLY Support and Resistance Analysis
9.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.61 to 12.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.66 from a horizontal line in the daily time frame.
- Support @9.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.72 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
VLY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for VLY is neutral. |
| ChartMill Relative Strength | 82.55 | POSITIVE | VLY has a high relative strength, it outperformed 82.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VLY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VLY is below 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) | 54 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests VLY has a positive trend. |
| Stochastics (14,3) | 87.61 | OVERBOUGHT | The high Stochastics value suggests VLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for VLY suggests a weak or negative trend. |
VLY Chart- and CandleStick Pattern Analysis
VLY Example Setup
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 |
|---|---|---|---|
| 12.56 | 11.49 | 1.06 (8.48%) | 11.79% |
| An entry @12.55. This is a Buy Stop order right above the 10 day high. | An exit @11.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.06 points, which is 8.48%. | When investing 11.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
VLY Technicals: Chart, Performance Metrics, Trend & Indicators
12.42
-0.02 (-0.16%)
VALLEY NATIONAL BANCORP / VLY TA FAQ
What is the technical rating for VLY stock?
ChartMill assigns a technical rating of 8 / 10 to VLY.
What is the current trend direction of VALLEY NATIONAL BANCORP (VLY) stock?
The current trend direction for VALLEY NATIONAL BANCORP (VLY) is Bullish.
What is the RSI signal for VALLEY NATIONAL BANCORP (VLY) stock?
VALLEY NATIONAL BANCORP (VLY) has an RSI value of 54.0033. This indicates that the stock is currently neutral.
What is the short term momentum for VLY stock?
The short term momentum for VALLEY NATIONAL BANCORP (VLY) is neutral.