Veren Inc (VRN.CA) Technical Analysis
TSX:VRN • CA92340V1076
Current stock price
VRN.CA Technical Rating and Analysis
Taking everything into account, VRN scores 7 out of 10 in our technical rating. Although VRN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- VRN is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 67% are performing better than VRN.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month VRN has a been trading in the 7.91 - 9.21 range, which is quite wide. It is currently trading near the high of this range.
- VRN has an average volume of 5476610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, VRN turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- VRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VRN is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
VRN.CA Weekly and Daily overview Charts
VRN.CA Setup Rating and Analysis
Although VRN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
VRN.CA Support and Resistance Analysis
7.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.32 to 8.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.12 from a trend line in the daily time frame.
- A support zone ranging from 7.78 to 7.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.40 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.43 to 9.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.69 from a horizontal line in the daily time frame.
VRN.CA Technical Indicator Signal Analysis
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 VRN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRN.CA is up. |
| ChartMill Relative Strength | 42.77 | NEUTRAL | VRN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VRN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.15 | NEUTRAL | The RSI value for VRN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VRN.CA has a positive trend. |
| Stochastics (14,3) | 83.54 | OVERBOUGHT | The high Stochastics value suggests VRN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for VRN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for VRN.CA suggests a weak or negative trend. |
VRN.CA Chart- and CandleStick Pattern Analysis
VRN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:VRN (5/13/2025, 7:00:00 PM)
9.14
+0.34 (+3.86%)
Veren Inc / VRN.CA TA FAQ
Can you provide the ChartMill technical rating for Veren Inc?
ChartMill assigns a technical rating of 7 / 10 to VRN.CA.
Can you provide the trend direction for Veren Inc?
The current trend direction for Veren Inc (VRN.CA) is Bullish.
Can you provide the RSI signal for Veren Inc?
Veren Inc (VRN.CA) has an RSI value of 64.151. This indicates that the stock is currently neutral.
What is the MACD signal for Veren Inc (VRN.CA) stock?
The MACD indicator for Veren Inc (VRN.CA) has a value of 0.0889633, indicating a bearish trend.
What is the support and resistance level for VRN stock?
Veren Inc (VRN.CA) has a support level at 8.35 and a resistance level at 9.43. Check the full technical report for our detailed analysis of VRN.CA support and resistance levels.