Veren Inc (VRN) Stock Technical Analysis
NYSE:VRN - New York Stock Exchange, Inc. - CA92340V1076 - Common Stock - Currency: USD
Overall VRN gets a technical rating of 5 out of 10. Although VRN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, VRN is a bad performer in the overall market: 100% of all stocks are doing better.
VRN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 213 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month VRN has a been trading in the 5.42 - 6.25 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
VRN has an average volume of 26521900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although the technical rating is only medium, VRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 5.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VRN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.06
6.86
3 important support areas can be observed.
- A support zone ranging from 5.84 to 5.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.45 to 5.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.11 to 5.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.13 from a horizontal line in the daily time frame.
- Resistance @6.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.59 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRN is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | VRN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VRN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.74 | NEUTRAL | The RSI value for VRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.03 | NEUTRAL | The Stochastics value for VRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for VRN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.13 | NEGATIVE | The low ADX value for VRN 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)
6.01
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week1.52%
2 Weeks-1.96%
1 Month9.87%
3 Month16.93%
6 Month13.83%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%3.6%
ATR Inc-4.84%
Range Today0.17
ADR(20)0.2
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High6.25
10 Day Low5.72
20 Day High6.25
20 Day Low5.42
52 Week High9.02
52 Week Low4.39
CS1 End5.97
CR1 Start6.13
Volume & EV
DER(3)6.88%
DER(5)6.78%
Volume28.33M
Volume Incr-7.42%
Vol(5)25.64M
Vol(50)26.52M