Technical Analysis for VRN - Veren Inc.

Grade Last Price % Change Price Change
C 8.16 0.74% 0.06
VRN closed up 0.74 percent on Wednesday, July 3, 2024, on 39 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: Jul 25
*** please verify all earnings dates ***
3 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Reached Overbought Strength 0.74%
Gapped Up Strength 0.74%
Overbought Stochastic Strength 0.74%
Gapped Up Strength 3.82%
Bearish Engulfing Bearish 3.68%
Crossed Above 20 DMA Bullish 3.16%
Doji - Bearish? Reversal 3.16%

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Profile

Veren Inc. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota. The company was formerly known as Crescent Point Energy Corp. and changed its name to Veren Inc. in May 2024. Veren Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Crude Oil Natural Gas Liquids Oil And Gas Properties Natural Gas Reserves Shale Gas

Is VRN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 9.178
52 Week Low 5.8982
Average Volume 3,008,441
200-Day Moving Average 7.49
50-Day Moving Average 8.25
20-Day Moving Average 7.79
10-Day Moving Average 7.87
Average True Range 0.21
RSI (14) 56.71
ADX 13.94
+DI 29.48
-DI 20.00
Chandelier Exit (Long, 3 ATRs) 7.98
Chandelier Exit (Short, 3 ATRs) 7.98
Upper Bollinger Bands 8.17
Lower Bollinger Band 7.40
Percent B (%b) 0.99
BandWidth 9.78
MACD Line -0.05
MACD Signal Line -0.12
MACD Histogram 0.0754
Fundamentals Value
Market Cap 5.11 Billion
Num Shares 627 Million
EPS 0.39
Price-to-Earnings (P/E) Ratio 20.92
Price-to-Sales 1.11
Price-to-Book 0.93
PEG Ratio 0.00
Dividend 0.38
Dividend Yield 4.66%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.33
Resistance 3 (R3) 8.34 8.29 8.30
Resistance 2 (R2) 8.29 8.25 8.29 8.29
Resistance 1 (R1) 8.23 8.22 8.26 8.22 8.28
Pivot Point 8.18 8.18 8.20 8.17 8.18
Support 1 (S1) 8.11 8.13 8.15 8.10 8.04
Support 2 (S2) 8.06 8.11 8.06 8.03
Support 3 (S3) 8.00 8.06 8.02
Support 4 (S4) 7.99