Veren Inc (VRN.CA) Stock Technical Analysis
TSX:VRN - Toronto Stock Exchange - CA92340V1076 - Common Stock - Currency: CAD
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.
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 an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 214 stocks in the same industry.
VRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VRN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
7.33
9.79
4 important support areas can be observed.
- 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.
When analyzing the resistance we notice 2 important 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.
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. |
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)
TSX:VRN (5/13/2025, 7:00:00 PM)
9.14
+0.34 (+3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.86%
1 Week14.11%
2 Weeks8.42%
1 Month13.54%
3 Month23.18%
6 Month23.01%
12 Month-22.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.09%
ATR Inc81.82%
Range Today0.36
ADR(20)0.24
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.77
Mansfield0.45
10 Day High9.21
10 Day Low7.91
20 Day High9.21
20 Day Low7.91
52 Week High12
52 Week Low6.34
CS1 End8.35
CR1 Start9.43
Volume & EV
DER(3)-1.33%
DER(5)1.67%
Volume7.10M
Volume Incr87.49%
Vol(5)7.35M
Vol(50)5.48M