NASDAQ:VRRM - Nasdaq - US92511U1025 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to VRRM. In the past year, VRRM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, VRRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.23, a Stop Loss order could be placed below this zone.
20.30
We found 4 important support areas.
3 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for VRRM is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRRM is up. |
ChartMill Relative Strength | 60.92 | NEUTRAL | VRRM is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRRM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRRM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VRRM is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 59.53 | NEUTRAL | The RSI value for VRRM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VRRM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 42.64 | NEUTRAL | The Stochastics value for VRRM is a neutral value. |
Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for VRRM suggests some volalility. |
Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for VRRM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
24.32 | 23.33 | 0.99 (4.07%) | 24.57% |
An entry @24.32. This is a Buy Stop order right above the resistance zone. | An exit @23.33. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.99 points, which is 4.07%. | When investing 24.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
24.29
+0.17 (+0.7%)