VERIS RESIDENTIAL INC (VRE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:VRE • US5544891048
Overall VRE gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. VRE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, VRE is a bad performer in the overall market: 66% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- VRE is part of the Residential REITs industry. There are 20 other stocks in this industry. VRE outperforms 78% of them.
- In the last month VRE has a been trading in the 14.45 - 15.50 range, which is quite wide. It is currently trading near the high of this range.
- VRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VRE is lagging the market.
Although the technical rating is only medium, VRE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.59
We found 4 important support areas.
- Support @15.34 from a horizontal line in the daily time frame.
- A support zone ranging from 14.83 to 15.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.40 to 14.58. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.43 to 15.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 16.27 to 16.27. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for VRE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRE is up. |
| ChartMill Relative Strength | 34.02 | NEUTRAL | VRE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of VRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VRE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.91 | NEUTRAL | The RSI value for VRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests VRE has a positive trend. |
| Stochastics (14,3) | 85.03 | OVERBOUGHT | The high Stochastics value suggests VRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for VRE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.1 | NEGATIVE | The low ADX value for VRE suggests a weak or negative trend. |
15.42
+0.24 (+1.58%)
VERIS RESIDENTIAL INC / VRE FAQ
Can you provide the ChartMill technical rating for VERIS RESIDENTIAL INC?
ChartMill assigns a technical rating of 4 / 10 to VRE.
What is the current trend direction of VERIS RESIDENTIAL INC (VRE) stock?
The current trend direction for VERIS RESIDENTIAL INC (VRE) is Bearish.
What is the RSI signal for VRE stock?
VERIS RESIDENTIAL INC (VRE) has an RSI value of 62.9094. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VERIS RESIDENTIAL INC?
The MACD indicator for VERIS RESIDENTIAL INC (VRE) has a value of 0.0528082, indicating a bearish trend.
What is the short term momentum for VRE stock?
The short term momentum for VERIS RESIDENTIAL INC (VRE) is positive.