Veoneer Inc (VNE) Stock Technical Analysis
NYSE:VNE - New York Stock Exchange, Inc. - Common Stock
We assign a technical rating of 9 out of 10 to VNE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VNE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
VNE is part of the Automobile Components industry. There are 80 other stocks in this industry. VNE outperforms 92% 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.
When comparing the yearly performance of all stocks, we notice that VNE is one of the better performing stocks in the market, outperforming 93% of all 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.
Although VNE has an excellent technical rating, the quality of the presented setup is not ideal 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
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.
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 VNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNE is up. |
| ChartMill Relative Strength | 93.56 | POSITIVE | VNE has a high relative strength, it outperformed 93.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.35 | OVERBOUGHT | The high RSI value suggests VNE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests VNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.67 | OVERBOUGHT | The high Stochastics value suggests VNE may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for VNE suggests low volalility. |
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)
36.95
+0.07 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
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
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