VENUS CONCEPT INC (VERO) Stock Technical Analysis
NASDAQ:VERO • US92332W3034
Overall VERO gets a technical rating of 0 out of 10. VERO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, VERO is a bad performer in the overall market: 96% of all stocks are doing better.
- VERO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 80% of 186 stocks in the same industry do better.
- VERO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month VERO has a been trading in the 1.06 - 12.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- VERO has an average volume of 8285820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, VERO does present a nice setup opportunity. 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 2.20. Right above this resistance zone may be a good entry point.
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.20 to 2.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 4.32 | NEGATIVE | VERO has a low relative strength, it was outperformed by 95.68% 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) | 44.86 | NEUTRAL | The RSI value for VERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests VERO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.36 | OVERSOLD | The low Stochastics value suggests VERO may be oversold. |
| Average True Range in percent/ATR (20) | 94.89 | HIGH VOLATILITY | The high ATR as a percentage value for VERO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.79 | POSITIVE | The high ADX value value for VERO suggests a strong trend. |
1.14
-0.04 (-3.39%)
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 44.8643. 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 -0.103147, 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.