Londinia Opportunities Analyses - 06/23/2022 (GMT) VALLEY NATIONAL BANCORP - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	VLY
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 10.57 USD

My targets

9.84 USD (-4.47%)

9.15 USD (-11.17%)

My analysis

The bearish trend is currently very strong for VALLEY NATIONAL BANCORP. As long as the price remains below the resistance at 10.57 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.84 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.15 USD as an objective. Crossing it would then enable sellers to target 7.15 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.2

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The VALLEY NATIONAL BANCORP price is 10.30 USD. The price registered a decrease of -2.92% on the session and was traded between 10.27 USD and 10.60 USD over the period. The price is currently at +0.29% from its lowest and -2.83% from its highest.

10.27

10.60

10.30

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of VALLEY NATIONAL BANCORP in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.15	9.84	10.29	10.30	10.57	10.77	11.49
Change (%)	-11.17%	-4.47%	-0.10%	-	+2.62%	+4.56%	+11.55%
Change	-1.15	-0.46	-0.01	-	+0.27	+0.47	+1.19
Level	Intermediate	Minor	Intermediate	-	Minor	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.17	10.29	10.45	10.57	10.73	10.85	11.01
Camarilla	10.53	10.56	10.58	10.61	10.64	10.66	10.69
Woodie	10.19	10.30	10.47	10.58	10.75	10.86	11.03
Fibonacci	10.29	10.40	10.46	10.57	10.68	10.74	10.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.52	9.90	10.23	10.61	10.94	11.32	11.65
Camarilla	10.36	10.42	10.49	10.55	10.62	10.68	10.75
Woodie	9.49	9.89	10.20	10.60	10.91	11.31	11.62
Fibonacci	9.90	10.18	10.34	10.61	10.89	11.05	11.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.33	10.81	11.69	12.17	13.05	13.53	14.41
Camarilla	12.21	12.33	12.46	12.58	12.71	12.83	12.95
Woodie	10.54	10.91	11.90	12.27	13.26	13.63	14.62
Fibonacci	10.81	11.33	11.65	12.17	12.69	13.01	13.53

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	32.54
MACD (12,26,9):	-0.0700
Directional Movement:	-17.59
AROON (14):	-100.00
DEMA (21):	10.44
Parabolic SAR (0,02-0,02-0,2):	10.70
Elder Ray (13):	-0.18
Super Trend (3,10):	10.62
Zig ZAG (10):	10.30
VORTEX (21):	0.8500
Stochastique (14,3,5):	7.19
TEMA (21):	10.46
Williams %R (14):	-93.98
Chande Momentum Oscillator (20):	-0.26
Repulse (5,40,3):	-1.6000
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	2.96

MA7:	10.56
MA20:	11.53
MA50:	11.81
MA100:	12.58
MAexp7:	10.44
MAexp20:	10.52
MAexp50:	10.71
MAexp100:	11.05
Price / MA7:	-2.46%
Price / MA20:	-10.67%
Price / MA50:	-12.79%
Price / MA100:	-18.12%
Price / MAexp7:	-1.34%
Price / MAexp20:	-2.09%
Price / MAexp50:	-3.83%
Price / MAexp100:	-6.79%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on VALLEY NATIONAL BANCORP. At the time of publication of this analysis, the latest news was as follows: