Meanwhile, Raymond James initiated its Veren Inc [VRN] rating to a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Scotiabank also remained covering VRN and has increased its forecast on June 08, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. RBC Capital Mkts revised its rating on June 10, 2021. It rated VRN as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of VRN
On Friday, Veren Inc [NYSE:VRN] saw its stock unchanged to $6.01. Over the last five days, the stock has gained 1.52%. Veren Inc shares have risen nearly 16.93% since the year began. Nevertheless, the stocks have fallen -32.09% over the past one year. While a 52-week high of $9.14 was reached on 03/26/25, a 52-week low of $4.39 was recorded on 03/04/25. SMA at 50 days reached $5.97, while 200 days put it at $5.90.
Levels Of Support And Resistance For VRN Stock
The 24-hour chart illustrates a support level at 5.93, which if violated will result in even more drops to 5.86. On the upside, there is a resistance level at 6.10. A further resistance level may holdings at 6.20. The Relative Strength Index (RSI) on the 14-day chart is 51.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.28%. Stochastics %K at 44.03% indicates the stock is a holding.
