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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
84% of all other stocks performed better in the past year than VRE.
VRE is one of the lesser performing stocks in the Residential REITs industry. 78% of 20 stocks in the same industry do better.
VRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month VRE has a been trading in the 13.69 - 15.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a resistance zone just above the current price starting at 14.60. Right above this resistance zone may be a good entry point.
More info and screens
13.59
16.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.09 to 14.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.73 to 13.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.60 to 14.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.20 to 15.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.66 from a trend line in the daily time frame.
- A resistance zone ranging from 16.09 to 16.27. 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 | 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 | 16.86 | NEGATIVE | VRE has a low relative strength, it was outperformed by 83.14% off all stocks 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) | 48.34 | NEUTRAL | The RSI value for VRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VRE has a positive trend. |
| Stochastics (14,3) | 50.1 | NEUTRAL | The Stochastics value for VRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for VRE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.93 | 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)
14.23
+0.11 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.78%
1 Week2.45%
2 Weeks2.82%
1 Month-0.63%
3 Month-8.61%
6 Month-11.06%
12 Month-13.76%
2 Year-23.54%
3 Year5.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.36%
ATR Inc-27.39%
Range Today0.22
ADR(20)0.33
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.86
Mansfield-2.01
10 Day High14.33
10 Day Low13.71
20 Day High15.02
20 Day Low13.69
52 Week High18.85
52 Week Low13.69
CS1 End14.2
CR1 Start14.6
Volume & EV
DER(3)-2.62%
DER(5)0.02%
Volume379.50K
Volume Incr-33.88%
Vol(5)340.26K
Vol(50)496.89K