VERRA MOBILITY CORP (VRRM) Stock Technical Analysis
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month VRRM has a been trading in the 22.11 - 24.96 range, which is quite wide. It is currently trading near the high of this range.
VRRM has an average volume of 1229560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VRRM turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
VRRM is an average performer in the IT Services industry, it outperforms 51% of 82 stocks in the same industry.
VRRM 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 VRRM is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
20.30
27.14
We found 4 important support areas.
- A support zone ranging from 23.23 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.40 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.71 from a horizontal line in the daily time frame.
- Support @20.51 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.30 to 24.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.11 from a trend line in the daily time frame.
- Resistance @26.87 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 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. |
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)
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%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.29
+0.17 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.7%
1 Week1%
2 Weeks-0.98%
1 Month9.17%
3 Month15.01%
6 Month2.45%
12 Month-5.93%
2 Year23.17%
3 Year54.61%
5 Year136.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%2.84%
ATR Inc-22.18%
Range Today0.34
ADR(20)0.6
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.92
Mansfield-0.74
10 Day High24.47
10 Day Low23.34
20 Day High24.96
20 Day Low22.11
52 Week High31.03
52 Week Low19.51
CS1 End24.23
CR1 Start24.3
Volume & EV
DER(3)2.29%
DER(5)0.19%
Volume774.80K
Volume Incr-41.53%
Vol(5)660.64K
Vol(50)1.23M