Veren Inc (VRN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VRN - CA92340V1076 - Common Stock
Taking everything into account, VRN scores 5 out of 10 in our technical rating. Although VRN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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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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.
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.
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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0 (0%)
Veren Inc / VRN 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.
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.
Can you provide the MACD signal for Veren Inc?
The MACD indicator for Veren Inc (VRN) has a value of -0.00479297, indicating a bearish trend.
What is the short term momentum for VRN stock?
The short term momentum for Veren Inc (VRN) is neutral.