VERIS RESIDENTIAL INC (VRE) Stock Technical Analysis
NYSE:VRE • US5544891048
Overall VRE gets a technical rating of 8 out of 10. Although VRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- VRE is one of the better performing stocks in the Residential REITs industry, it outperforms 89% of 20 stocks in the same industry.
- VRE 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 VRE is lagging the market slightly.
- VRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, VRE outperforms 50% of them, which is more or less in line with the market.
Although VRE 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
13.59
3 important support areas can be observed.
- A support zone ranging from 14.97 to 15.39. 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.
We found 1 important resistance area.
- A resistance zone ranging from 16.64 to 16.64. 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 | UP | POSITIVE | The long term trend for VRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRE is up. |
| ChartMill Relative Strength | 50.52 | 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) | UP | POSITIVE | The current price of VRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.45 | NEUTRAL | The RSI value for VRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests VRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.39 | NEUTRAL | The Stochastics value for VRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for VRE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.05 | NEUTRAL | The ADX value for VRE suggests a possible start of a new trend. |
16.04
-0.32 (-1.96%)
VERIS RESIDENTIAL INC / VRE FAQ
Can you provide the ChartMill technical rating for VERIS RESIDENTIAL INC?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for VRE stock?
VERIS RESIDENTIAL INC (VRE) has an RSI value of 61.4519. 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 0.121192, indicating a bearish trend.
What is the short term momentum for VRE stock?
The short term momentum for VERIS RESIDENTIAL INC (VRE) is positive.