USA - New York Stock Exchange - NYSE:VRE - US5544891048 - REIT
Overall VRE gets a technical rating of 3 out of 10. In the last year, VRE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, VRE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
13.59
We found 2 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for VRE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRE is neutral. |
| ChartMill Relative Strength | 23.94 | NEGATIVE | VRE has a low relative strength, it was outperformed by 76.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VRE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | NEUTRAL | The RSI value for VRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.02 | NEUTRAL | The Stochastics value for VRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for VRE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.15 | NEGATIVE | The low ADX value for VRE suggests a weak or negative trend. |
15.05
+0.07 (+0.47%)
ChartMill assigns a technical rating of 3 / 10 to VRE.
The current trend direction for VERIS RESIDENTIAL INC (VRE) is Bearish.
VERIS RESIDENTIAL INC (VRE) has an RSI value of 52.6579. This indicates that the stock is currently neutral.
The MACD indicator for VERIS RESIDENTIAL INC (VRE) has a value of 0.0102426, indicating a bearish trend.
The short term momentum for VERIS RESIDENTIAL INC (VRE) is neutral.