NYSE:VRTV - New York Stock Exchange, Inc. - US9234541020 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to VRTV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VRTV is showing a nice and steady performance.
Besides having an excellent technical rating, VRTV also presents a decent setup pattern. 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 170.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 169.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
115.87
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice one important area.
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 |
---|---|---|---|
170.01 | 169.61 | 0.40 (0.24%) | 25.00% |
An entry @170.01. This is a Buy Stop order right above the resistance zone. | An exit @169.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.40 points, which is 0.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.06%. |
169.99
+0.03 (+0.02%)