VERRA MOBILITY CORP (VRRM) Stock Technical Analysis
NASDAQ:VRRM - Nasdaq - US92511U1025 - Common Stock - Currency: USD
Overall VRRM gets a technical rating of 5 out of 10. VRRM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, VRRM is a bad performer in the overall market: 71% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month VRRM has a been trading in the 23.84 - 25.83 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
VRRM is part of the IT Services industry. There are 82 other stocks in this industry, VRRM did better than 44% of them.
VRRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VRRM is lagging the market.
Although the technical rating is only medium, VRRM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.83, a Stop Loss order could be placed below this zone.
More info and screens
20.50
25.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.24 to 24.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.46 from a horizontal line in the daily time frame.
- Support @20.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.04 to 25.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 VRRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRRM is neutral. |
| ChartMill Relative Strength | 29.14 | NEGATIVE | VRRM has a low relative strength, it was outperformed by 70.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VRRM is below 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 | MIXED | The current price of VRRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for VRRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests VRRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for VRRM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for VRRM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.33 | NEUTRAL | The ADX value for VRRM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.87
-0.09 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.36%
1 Week-2.09%
2 Weeks-2.59%
1 Month3.67%
3 Month16.71%
6 Month-2.39%
12 Month-17.21%
2 Year18.48%
3 Year50.82%
5 Year143.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.97%
ATR Inc2.52%
Range Today0.36
ADR(20)0.48
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.14
Mansfield-0.76
10 Day High25.73
10 Day Low24.42
20 Day High25.83
20 Day Low23.84
52 Week High31.03
52 Week Low19.51
CS1 End24.83
CR1 Start25.04
Volume & EV
DER(3)-1.49%
DER(5)-0.52%
Volume1.01M
Volume Incr-35.67%
Vol(5)667.54K
Vol(50)976.34K