VERIS RESIDENTIAL INC (VRE) Stock Technical Analysis
NYSE:VRE - New York Stock Exchange, Inc. - US5544891048 - REIT - Currency: USD
Overall VRE gets a technical rating of 0 out of 10. VRE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, VRE is a bad performer in the overall market: 67% of all stocks are doing better.
VRE is one of the lesser performing stocks in the Residential REITs industry. 63% of 20 stocks in the same industry do better.
VRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month VRE has a been trading in the 14.50 - 15.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, VRE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 14.73, a Stop Loss order could be placed below this zone.
More info and screens
14.23
18.80
We found 1 important support area.
- A support zone ranging from 14.37 to 14.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 15.07 to 15.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.09 to 16.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.93 to 17.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.61 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for VRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRE is down. |
| ChartMill Relative Strength | 33.91 | NEUTRAL | VRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VRE is below 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) | 43.96 | NEUTRAL | The RSI value for VRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.06 | NEUTRAL | The Stochastics value for VRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for VRE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.67 | NEGATIVE | The low ADX value for VRE suggests a weak or negative trend. |
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)
14.98
+0.06 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.4%
1 Week-1.38%
2 Weeks-0.6%
1 Month-3.79%
3 Month-8.15%
6 Month-8.71%
12 Month3.45%
2 Year-6.67%
3 Year13.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.08%
ATR Inc3.64%
Range Today0.18
ADR(20)0.29
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.91
Mansfield-1.29
10 Day High15.47
10 Day Low14.79
20 Day High15.61
20 Day Low14.5
52 Week High18.85
52 Week Low14.12
CS1 End14.73
CR1 Start15.07
Volume & EV
DER(3)-1.15%
DER(5)0.43%
Volume540.80K
Volume Incr-5.33%
Vol(5)416.16K
Vol(50)528.61K