We assign a technical rating of 5 out of 10 to VRME. In the last year, VRME was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
VRME has an average technical rating and the quality of the presented setup is also 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.
0.66
We found 2 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for VRME is neutral. |
| ChartMill Relative Strength | 29.78 | NEGATIVE | VRME has a low relative strength, it was outperformed by 70.22% 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) | UP | POSITIVE | The current price of VRME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for VRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VRME has a negative trend. |
| Stochastics (14,3) | 11.06 | OVERSOLD | The low Stochastics value suggests VRME may be oversold. |
| Average True Range in percent/ATR (20) | 15.68 | HIGH VOLATILITY | The high ATR as a percentage value for VRME suggests high volalility. |
| Average Directional Index/ADX (14) | 37.51 | POSITIVE | The high ADX value value for VRME suggests a strong trend. |
0.9701
-0.08 (-7.61%)
ChartMill assigns a technical rating of 5 / 10 to VRME.
The current trend direction for VERIFYME INC (VRME) is Bullish.
VERIFYME INC (VRME) has an RSI value of 44.4029. This indicates that the stock is currently neutral.
The short term momentum for VERIFYME INC (VRME) is neutral.