VERIFYME INC (VRME) Stock Technical Analysis
NASDAQ:VRME - US92346X2062 - Common Stock
0.8902 USD
-0.02 (-2.67%)
0.86 USD
-0.03 (-3.39%)
Overall VRME gets a technical rating of 4 out of 10. VRME performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, VRME is a bad performer in the overall market: 80% of all stocks are doing better.
VRME is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 67% of 125 stocks in the same industry do better.
VRME 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.
VRME has an average volume of 4174380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month VRME has a been trading in the 0.76 - 1.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, VRME does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VRME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.59
1.01
3 important support areas can be observed.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.90 from a trend line in the daily time frame.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.00 from a horizontal line 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 VRME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRME is neutral. |
| ChartMill Relative Strength | 20.78 | NEGATIVE | VRME has a low relative strength, it was outperformed by 79.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRME is below a declining 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 | NEGATIVE | The current price of VRME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.87 | NEUTRAL | The RSI value for VRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VRME has a negative trend. |
| Stochastics (14,3) | 61.55 | NEUTRAL | The Stochastics value for VRME is a neutral value. |
| Average True Range in percent/ATR (20) | 11.03 | HIGH VOLATILITY | The high ATR as a percentage value for VRME suggests high volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for VRME suggests a possible start of a new 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)
0.8902
-0.02 (-2.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.67%
1 Week-7.75%
2 Weeks-2.69%
1 Month-26.43%
3 Month23.67%
6 Month-9.16%
12 Month-34.54%
2 Year-21.22%
3 Year-36.87%
5 Year-75.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%11.03%
ATR Inc-34.77%
Range Today0.04
ADR(20)0.09
ADR(20)%10.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.78
Mansfield-2.12
10 Day High1
10 Day Low0.8
20 Day High1.15
20 Day Low0.76
52 Week High5
52 Week Low0.55
CS1 End0.79
CR1 Start0.9
Volume & EV
DER(3)-1.44%
DER(5)3.83%
Volume91.40K
Volume Incr-98.79%
Vol(5)125.02K
Vol(50)4.17M