VERIFYME INC (VRME) Stock Technical Analysis
NASDAQ:VRME - Nasdaq - US92346X2062 - Common Stock - Currency: USD
Taking everything into account, VRME scores 3 out of 10 in our technical rating. In the past year, VRME was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
90% of all other stocks performed better in the past year than VRME.
VRME is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 84% 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.
In the last month VRME has a been trading in the 0.65 - 0.84 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of VRME is bad and it also does not present a quality setup 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
0.59
0.84
We found 3 important support areas.
- A support zone ranging from 0.74 to 0.75. 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 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.83 to 0.83. 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 VRME is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRME is up. |
| ChartMill Relative Strength | 10.78 | NEGATIVE | VRME has a low relative strength, it was outperformed by 89.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VRME is above 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) | 60.49 | NEUTRAL | The RSI value for VRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VRME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.29 | OVERBOUGHT | The high Stochastics value suggests VRME may be overbought. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for VRME suggests high volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for VRME 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)
NASDAQ:VRME (6/10/2025, 8:15:35 PM)
0.8
0 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.6%
1 Week6.68%
2 Weeks11.19%
1 Month-2.2%
3 Month2.51%
6 Month26.78%
12 Month-51.51%
2 Year-42.03%
3 Year-59.18%
5 Year-79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%5.41%
ATR Inc37.44%
Range Today0.06
ADR(20)0.04
ADR(20)%5.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.78
Mansfield-3.23
10 Day High0.84
10 Day Low0.71
20 Day High0.84
20 Day Low0.65
52 Week High5
52 Week Low0.55
CS1 End0.75
CR1 Start0.83
Volume & EV
DER(3)-14.24%
DER(5)-5.27%
Volume77.60K
Volume Incr15.43%
Vol(5)84.14K
Vol(50)77.60K