VRS - Verso Corporation

Industry: Paper & Paper Products Sector: Consumer Goods Exchange: NYSE

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -1.24%
PRICE $30.27
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Verso Corporation Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-17
Shorts 1.93% ( 2018-09-28 )
Cash 6.0 mill
Loans 264.0 mill
Beta 2.13
ROA 2.21

Verso Corporation fell by -1.24% in the last day from $30.65 to $30.27 The price has fallen in 7 of the last 10 days and is down by -9.1% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -129 131 shares and in total 273 773 shares bought and sold for approximately $8.29 million.

Trend

Verso Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $29.53 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 46.49% during the next 3 months and, with 90% probability hold a price between $43.26 and $54.66 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Verso Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $30.45 and $30.91. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $28.73 and $28.64.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Verso Corporation finds support just below today's level at $28.73. If this is broken, then the next support from accumulated volume will be at $28.64 and $27.44.

Support: $28.73 Price: $30.27 Resistance: $30.60

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.69 between high and low, or 2.30%. For the last week, the stock has had a daily average volatility of 3.87%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Verso Corporation stock holds several negative signals and despite the positive trend we believe Verso Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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VRS $30.27 $-0.38(-1.24%)
VRS is down $0.38 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for VRS based on the 1-3 month system that more than doubles the S&P 500.

Click here – the VRS analysis is free »

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