Veren Inc (VRN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:VRN - CA92340V1076 - Common Stock
We assign a technical rating of 7 out of 10 to VRN. 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.
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
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.
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. |
TSX:VRN (5/13/2025, 7:00:00 PM)
9.14
+0.34 (+3.86%)
Veren Inc / VRN.CA FAQ
Can you provide the ChartMill technical rating for Veren Inc?
ChartMill assigns a technical rating of 7 / 10 to VRN.CA.
What is the trend direction for VRN stock?
The current trend direction for Veren Inc (VRN.CA) is Bullish.
What is the RSI signal for Veren Inc (VRN.CA) stock?
Veren Inc (VRN.CA) has an RSI value of 64.151. This indicates that the stock is currently neutral.
What is the short term momentum for Veren Inc (VRN.CA) stock?
The short term momentum for Veren Inc (VRN.CA) is positive.
What are the support and resistance levels for Veren Inc (VRN.CA) 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.