Veritiv Corporation (VRTV) Technical Analysis
NYSE:VRTV • US9234541020
Current stock price
VRTV Technical Rating and Analysis
Overall VRTV gets a technical rating of 8 out of 10. Both in the recent history as in the last year, VRTV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- VRTV is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry. VRTV outperforms 82% of them.
- VRTV is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VRTV is leading the market.
- When comparing the yearly performance of all stocks, we notice that VRTV is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month VRTV has a been trading in a tight range between 169.36 and 170.02.
- Volume is considerably higher in the last couple of days.
VRTV Weekly and Daily overview Charts
VRTV Setup Rating and Analysis
Besides having an excellent technical rating, VRTV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
VRTV Support and Resistance Analysis
115.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 166.35 to 169.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 170.00 to 170.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
VRTV Technical Indicator Signal Analysis
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 VRTV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRTV is up. |
| ChartMill Relative Strength | 82.09 | POSITIVE | VRTV has a high relative strength, it outperformed 82.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRTV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRTV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRTV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.22 | OVERBOUGHT | The high RSI value suggests VRTV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VRTV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.15 | OVERBOUGHT | The high Stochastics value suggests VRTV may be overbought. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for VRTV suggests low volalility. |
| Average Directional Index/ADX (14) | 54.28 | POSITIVE | The high ADX value value for VRTV suggests a strong trend. |
VRTV Chart- and CandleStick Pattern Analysis
VRTV Example Setup
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%. | For a 0.06% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
VRTV Technicals: Chart, Performance Metrics, Trend & Indicators
169.99
+0.03 (+0.02%)
Veritiv Corporation / VRTV TA FAQ
What is the ChartMill technical rating of Veritiv Corporation (VRTV) stock?
ChartMill assigns a technical rating of 7 / 10 to VRTV.
Can you provide the trend direction for Veritiv Corporation?
The current trend direction for Veritiv Corporation (VRTV) is Bullish.
What is the RSI signal for Veritiv Corporation (VRTV) stock?
Veritiv Corporation (VRTV) has an RSI value of 74.2208. This indicates that the stock is currently overbought.
What is the short term momentum for Veritiv Corporation (VRTV) stock?
The short term momentum for Veritiv Corporation (VRTV) is positive.
What are the support and resistance levels for Veritiv Corporation (VRTV) stock?
Veritiv Corporation (VRTV) has a support level at 169.9 and a resistance level at 170. Check the full technical report for our detailed analysis of VRTV support and resistance levels.