Veren Inc (VRN) Stock Technical Analysis
USA - NYSE:VRN - CA92340V1076 - Common Stock
We assign a technical rating of 5 out of 10 to VRN. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, VRN is a bad performer.
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
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When analyzing the support we can see 3 important areas.
- 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. |
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Veren Inc / VRN FAQ
Can you provide the ChartMill technical rating for Veren Inc?
ChartMill assigns a technical rating of 5 / 10 to VRN.
What is the trend direction for VRN stock?
The current trend direction for Veren Inc (VRN) is Bullish.
What is the RSI signal for Veren Inc (VRN) stock?
Veren Inc (VRN) has an RSI value of 51.739. This indicates that the stock is currently neutral.
What is the short term momentum for Veren Inc (VRN) stock?
The short term momentum for Veren Inc (VRN) is neutral.
What are the support and resistance levels for Veren Inc (VRN) stock?
Veren Inc (VRN) has a support level at 5.97 and a resistance level at 6.13. Check the full technical report for our detailed analysis of VRN support and resistance levels.