We assign a technical rating of 0 out of 10 to VERO. VERO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of VERO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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1.54
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.64 from a trend line in the daily time frame.
- Resistance @2.12 from a trend line in the daily time frame.
- Resistance @2.20 from a horizontal line in the daily time frame.
- Resistance @2.65 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 | DOWN | NEGATIVE | The long term trend for VERO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VERO is down. |
| ChartMill Relative Strength | 5.69 | NEGATIVE | VERO has a low relative strength, it was outperformed by 94.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VERO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VERO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VERO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.98 | NEUTRAL | The RSI value for VERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VERO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.57 | OVERSOLD | The low Stochastics value suggests VERO may be oversold. |
| Average True Range in percent/ATR (20) | 13.08 | HIGH VOLATILITY | The high ATR as a percentage value for VERO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for VERO suggests a weak or negative trend. |
1.56
+0.03 (+1.96%)
VENUS CONCEPT INC / VERO FAQ
What is the ChartMill technical rating of VENUS CONCEPT INC (VERO) stock?
ChartMill assigns a technical rating of 0 / 10 to VERO.
What is the current trend direction of VENUS CONCEPT INC (VERO) stock?
The current trend direction for VENUS CONCEPT INC (VERO) is Bearish.
Can you provide the RSI signal for VENUS CONCEPT INC?
VENUS CONCEPT INC (VERO) has an RSI value of 40.9782. This indicates that the stock is currently neutral.
What is the MACD signal for VERO stock?
The MACD indicator for VENUS CONCEPT INC (VERO) has a value of -0.0136586, indicating a bearish trend.
What is the buy/sell signal for VENUS CONCEPT INC (VERO) stock?
The buy/sell signal for VENUS CONCEPT INC (VERO) is sell as both the short term and long term trends are negative.