VALLEY NATIONAL BANCORP (VLY) Stock Technical Analysis
NASDAQ:VLY • US9197941076
Overall VLY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, VLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 86% of all stocks.
- VLY is part of the Banks industry. There are 381 other stocks in this industry. VLY outperforms 87% of them.
- VLY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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 7452240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although VLY has an excellent technical rating, it does not offer a high quality setup 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
9.16
5 important support areas can be observed.
- A support zone ranging from 12.17 to 12.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.65 to 11.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.99 to 11.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.66 from a horizontal line in the daily time frame.
- Support @9.25 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.
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 | 86.46 | POSITIVE | VLY has a high relative strength, it outperformed 86.46% 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) | 65.84 | NEUTRAL | The RSI value for VLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests VLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.06 | NEUTRAL | The Stochastics value for VLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for VLY suggests some volalility. |
| Average Directional Index/ADX (14) | 36.79 | POSITIVE | The high ADX value value for VLY suggests a strong trend. |
13.49
+0.19 (+1.43%)
VALLEY NATIONAL BANCORP / VLY FAQ
What is the technical rating for VLY stock?
ChartMill assigns a technical rating of 10 / 10 to VLY.
Can you provide the trend direction for VALLEY NATIONAL BANCORP?
The current trend direction for VALLEY NATIONAL BANCORP (VLY) is Bullish.
Can you provide the RSI signal for VALLEY NATIONAL BANCORP?
VALLEY NATIONAL BANCORP (VLY) has an RSI value of 65.8406. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for VALLEY NATIONAL BANCORP?
The buy/sell signal for VALLEY NATIONAL BANCORP (VLY) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for VALLEY NATIONAL BANCORP (VLY) stock?
VALLEY NATIONAL BANCORP (VLY) has a support level at 12.37 and a resistance level at 13.72. Check the full technical report for our detailed analysis of VLY support and resistance levels.