VERIFYME INC (VRME) Stock Technical Analysis
USA - NASDAQ:VRME - US92346X2062 - Common Stock
Overall VRME gets a technical rating of 8 out of 10. Although VRME is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although VRME 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
0.69
4 important support areas can be observed.
- A support zone ranging from 0.98 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.91 from a trend line in the daily time frame.
- Support @0.87 from a trend line in the weekly time frame.
- Support @0.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.12 to 1.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.37 to 1.39. 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 | UP | POSITIVE | The long term trend for VRME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRME is up. |
| ChartMill Relative Strength | 76.94 | POSITIVE | VRME has a high relative strength, it outperformed 76.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VRME is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.64 | NEUTRAL | The RSI value for VRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VRME has a negative trend. |
| Stochastics (14,3) | 21.53 | NEUTRAL | The Stochastics value for VRME is a neutral value. |
| Average True Range in percent/ATR (20) | 10.71 | HIGH VOLATILITY | The high ATR as a percentage value for VRME suggests high volalility. |
| Average Directional Index/ADX (14) | 34.41 | POSITIVE | The high ADX value value for VRME suggests a strong trend. |
1.11
+0.03 (+2.78%)
VERIFYME INC / VRME FAQ
Can you provide the ChartMill technical rating for VERIFYME INC?
ChartMill assigns a technical rating of 8 / 10 to VRME.
Can you provide the trend direction for VERIFYME INC?
The current trend direction for VERIFYME INC (VRME) is Bullish.
What is the RSI signal for VRME stock?
VERIFYME INC (VRME) has an RSI value of 52.6362. This indicates that the stock is currently neutral.
What is the MACD signal for VRME stock?
The MACD indicator for VERIFYME INC (VRME) has a value of -0.000485578, indicating a bearish trend.
What is the buy/sell signal for VRME stock?
The buy/sell signal for VERIFYME INC (VRME) is buy as both the short term and long term trends are positive.