VENUS CONCEPT INC (VERO) Stock Technical Analysis
USA - NASDAQ:VERO - US92332W3034 - Common Stock
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.
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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1.70
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.02 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.19 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for VERO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VERO is down. |
| ChartMill Relative Strength | 7.26 | NEGATIVE | VERO has a low relative strength, it was outperformed by 92.74% 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) | 31.03 | NEUTRAL | The RSI value for VERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VERO has a negative trend. |
| Stochastics (14,3) | 9.06 | OVERSOLD | The low Stochastics value suggests VERO may be oversold. |
| Average True Range in percent/ATR (20) | 11.06 | HIGH VOLATILITY | The high ATR as a percentage value for VERO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.17 | POSITIVE | The high ADX value value for VERO suggests a strong trend. |
1.72
-0.15 (-8.02%)
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 trend direction for 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 31.034. This indicates that the stock is currently neutral.
What is the short term momentum for VERO stock?
The short term momentum for VENUS CONCEPT INC (VERO) is negative.
What are the support and resistance levels for VENUS CONCEPT INC (VERO) stock?
VENUS CONCEPT INC (VERO) has a resistance level at 2.02. Check the full technical report for our detailed analysis of VERO support and resistance levels.