VENUS CONCEPT INC (VERO) Stock Technical Analysis
NASDAQ:VERO - Nasdaq - US92332W3034 - Common Stock - Currency: USD
Taking everything into account, VERO scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. VERO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, VERO is a bad performer in the overall market: 97% of all stocks are doing better.
VERO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 83% of 187 stocks in the same industry do better.
VERO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
VERO has an average volume of 1751090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month VERO has a been trading in the 2.15 - 3.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
2.18
3.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.91 to 2.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.19 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.88 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for VERO is up. |
| ChartMill Relative Strength | 3.31 | NEGATIVE | VERO has a low relative strength, it was outperformed by 96.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VERO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERO is above the rising 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) | 60.61 | NEUTRAL | The RSI value for VERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests VERO has a positive trend. |
| Stochastics (14,3) | 65.36 | NEUTRAL | The Stochastics value for VERO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.45 | HIGH VOLATILITY | The high ATR as a percentage value for VERO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.49 | POSITIVE | The high ADX value value for VERO 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)
2.93
+0.25 (+9.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg9.33%
1 Week23.63%
2 Weeks31.98%
1 Month-7.86%
3 Month-32.02%
6 Month-30.99%
12 Month-57.04%
2 Year-85.83%
3 Year-96.94%
5 Year-99.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%9.45%
ATR Inc67.19%
Range Today0.44
ADR(20)0.27
ADR(20)%9.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.31
Mansfield-3.51
10 Day High3.09
10 Day Low2.15
20 Day High3.34
20 Day Low2.15
52 Week High14.5
52 Week Low2.1
CS1 End2.92
CR1 Start3.19
Volume & EV
DER(3)-6.09%
DER(5)-3.11%
Volume228.10K
Volume Incr-60.86%
Vol(5)1.53M
Vol(50)1.75M