Verano Hldgs Corp (VRNO.CA) Stock Technical Analysis
Canada - Canadian Securities Exchange - CNSX:VRNO -
Overall VRNO gets a technical rating of 0 out of 10. VRNO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
VRNO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
24.68
When analyzing the resistance we notice one important area.
- Resistance @24.94 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 Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRNO.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | VRNO.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VRNO.CA is above a declining SMA(20). |
| Relative Strength Index/RSI (14) | 49.47 | NEUTRAL | The RSI value for VRNO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests VRNO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.85 | NEUTRAL | The Stochastics value for VRNO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for VRNO.CA suggests high volalility. |
CNSX:VRNO (4/8/2021, 8:46:18 PM)
24.93
+0.59 (+2.42%)
Verano Hldgs Corp / VRNO.CA FAQ
Can you provide the ChartMill technical rating for Verano Hldgs Corp?
ChartMill assigns a technical rating of 0 / 10 to VRNO.CA.
What is the trend direction for VRNO stock?
The current trend direction for Verano Hldgs Corp (VRNO.CA) is Bearish.
Can you provide the RSI signal for Verano Hldgs Corp?
Verano Hldgs Corp (VRNO.CA) has an RSI value of 49.4672. This indicates that the stock is currently neutral.
What is the MACD signal for Verano Hldgs Corp (VRNO.CA) stock?
The MACD indicator for Verano Hldgs Corp (VRNO.CA) has a value of -0.451635, indicating a bearish trend.