Veren Inc (VRN) Technical Analysis
NYSE:VRN • CA92340V1076
Current stock price
VRN Technical Rating and Analysis
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.
- 100% of all other stocks performed better in the past year than VRN.
- VRN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 94% of 209 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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.
VRN Weekly and Daily overview Charts
VRN Setup Rating and Analysis
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
VRN Support and Resistance Analysis
5.06
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.
3 important resistance areas can be observed.
- 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.
VRN 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 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. |
VRN Chart- and CandleStick Pattern Analysis
VRN Technicals: Chart, Performance Metrics, Trend & Indicators
6.01
0 (0%)
Veren Inc / VRN TA FAQ
Can you provide the ChartMill technical rating for Veren Inc?
ChartMill assigns a technical rating of 5 / 10 to VRN.
Can you provide the trend direction for Veren Inc?
The current trend direction for Veren Inc (VRN) is Bullish.
Can you provide the RSI signal for Veren Inc?
Veren Inc (VRN) has an RSI value of 51.739. This indicates that the stock is currently neutral.
What is the MACD signal for Veren Inc (VRN) stock?
The MACD indicator for Veren Inc (VRN) has a value of -0.00479297, indicating a bearish trend.
What is the support and resistance level for 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.