Will VERTIV HOLDINGS CO breakout?

VERTIV HOLDINGS CO (NYSE:VRT) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:VRT.

Technical analysis of NYSE:VRT

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, VRT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VRT has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, VRT did better than 99% of all other stocks. We also observe that the gains produced by VRT over the past year are nicely spread over this period.
• VRT is part of the Electrical Equipment industry. There are 87 other stocks in this industry. VRT outperforms 97% of them.
• VRT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
• In the last month VRT has a been trading in the 35.49 - 40.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of VRT contains the most current technical analsysis.

How does the Setup look for NYSE:VRT

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:VRT is 8:

VRT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.48, a Stop Loss order could be placed below this zone.

Trading setups like NYSE:VRT

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.