Taking everything into account, VRME scores 1 out of 10 in our technical rating. VRME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
VRME has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.76. Right above this resistance zone may be a good entry point.
More info and screens
0.64
When analyzing the support we can see 2 important areas.
- Support @0.68 from a trend line in the weekly time frame.
- Support @0.65 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.76 from a horizontal line in the daily time frame.
- Resistance @1.39 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 | DOWN | NEGATIVE | The long term trend for VRME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRME is down. |
| ChartMill Relative Strength | 17.67 | NEGATIVE | VRME has a low relative strength, it was outperformed by 82.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VRME is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VRME is below a declining 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) | 41.08 | 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. |
| Stochastics (14,3) | 31.5 | NEUTRAL | The Stochastics value for VRME is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for VRME suggests high volalility. |
| Average Directional Index/ADX (14) | 8.59 | NEGATIVE | The low ADX value for VRME suggests a weak or negative trend. |
0.6887
+0.01 (+0.73%)
VERIFYME INC / VRME FAQ
Can you provide the ChartMill technical rating for VERIFYME INC?
ChartMill assigns a technical rating of 1 / 10 to VRME.
Can you provide the trend direction for VERIFYME INC?
The current trend direction for VERIFYME INC (VRME) is Bearish.
What is the RSI signal for VRME stock?
VERIFYME INC (VRME) has an RSI value of 41.0843. 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 0.0052745, indicating a bearish trend.
What is the buy/sell signal for VRME stock?
The buy/sell signal for VERIFYME INC (VRME) is sell as both the short term and long term trends are negative.