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Veoneer Inc (VNE) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:VNE - Common Stock

36.95
+0.07 (+0.19%)
Last: 3/31/2022, 8:04:26 PM
36.96
+0.01 (+0.03%)
After Hours: 3/31/2022, 8:04:26 PM
Technical Rating and Analysis

9

Taking everything into account, VNE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VNE has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
VNE is part of the Automobile Components industry. There are 42 other stocks in this industry. VNE outperforms 87% of them.
VNE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VNE is lagging the market slightly.
In the last month VNE has a been trading in the 34.86 - 36.96 range, which is quite wide. It is currently trading near the high of this range.
VNE has an average volume of 2155000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, VNE did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
Veoneer Inc / VNE Weekly stock chart
Veoneer Inc / VNE Daily stock chart
Setup Rating and Analysis

5

VNE 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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Support and Resistance Analysis

26.85

37.32

We found 2 important support areas.

  • A support zone ranging from 34.21 to 36.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @27.12 from a trend line in the weekly time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for VNE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for VNE is up.
ChartMill Relative Strength93.56POSITIVEVNE has a high relative strength, it outperformed 93.56% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of VNE is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of VNE is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of VNE is above the rising SMA(200).
Relative Strength Index/RSI (14)75.35OVERBOUGHTThe high RSI value suggests VNE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.11POSITIVEThe MACD value suggests VNE has a positive trend, although the MACD value is declining.
Stochastics (14,3)97.67OVERBOUGHTThe high Stochastics value suggests VNE may be overbought.
Average True Range in percent/ATR (20)0.78LOW VOLATILITYThe low ATR as a percentage value for VNE suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)

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Veoneer Inc / VNE Daily stock chart

Veoneer Inc

NYSE:VNE (3/31/2022, 8:04:26 PM)

After market: 36.96 +0.01 (+0.03%)

36.95

+0.07 (+0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryAutomobile Components
Performance
% Chg0.19%
1 Week0.52%
2 Weeks2.78%
1 Month3.53%
3 Month4.14%
6 Month6.95%
12 Month51.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.78%
ATR Inc-77.34%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.56
3 months CRSN/A
6 months CRSN/A
Mansfield1.37
10 Day High36.96
10 Day Low35.7
20 Day High36.96
20 Day Low34.86
52 Week High40.46
52 Week Low19.28
CS1 End36.65
CR1 StartN/A
Volume & EV
DER(3)-3.19%
DER(5)-1.58%
Volume4.57M
Volume Incr19.55%
Vol(5)3.37M
Vol(50)2.15M

Veoneer Inc / VNE FAQ

What is the ChartMill technical rating of Veoneer Inc (VNE) stock?

ChartMill assigns a technical rating of 8 / 10 to VNE.


What is the trend direction for VNE stock?

The current trend direction for Veoneer Inc (VNE) is Bullish.


Can you provide the RSI signal for Veoneer Inc?

Veoneer Inc (VNE) has an RSI value of 75.3541. This indicates that the stock is currently overbought.


What is the buy/sell signal for Veoneer Inc (VNE) stock?

The buy/sell signal for Veoneer Inc (VNE) is buy as both the short term and long term trends are positive.


What is the support and resistance level for VNE stock?

Veoneer Inc (VNE) has a support level at 36.65. Check the full technical report for our detailed analysis of VNE support and resistance levels.