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- 1 VTR stock price has been trading inside the falling channel for the past sessions.
- 2 Buyers are looking for a reversal and are attempting a pullback.
Ventas Inc. (VTR stock) has made a bullish engulfing candlestick and showcased signs of rebound to retest the 20-day EMA, highlighting buildup in buyer count in the last trading session. Furthermore, the price action shows the falling channel and VTR stock persists in forming the lower lows. It is below the significant moving averages, indicating a downtrend for the past sessions. However, buyers must scratch the 20-day EMA for a healthy comeback and may attain a reversal in the upcoming sessions.
VTR stock price is below neutrality and shows profit booking in the past sessions. Moreover, the chart shows sellers have persisted in pushing the stock toward the demand zone of $30. However, the round mark of $50 was broken, and sellers have succeeded in their mission in the past sessions. Per the options chain, at the strike price of $42.50, a massive open interest of 1172 hundred shares on the call side, whereas an open interest of 1181 hundred shares on the call side shows the incisiveness between the bulls and bears. However, follow-on buying might be witnessed, and VTR stock is expected to retest the 20-day EMA in the following sessions.
At press time, VTR stock price was $40.71 with an intraday gain of 2.67%, showing bullish moves in yesterday’s session. Moreover, the trading volume increased by 0.44% to 2.175 Million, while the market cap was $48.999 Billion. However, analysts have maintained a neutral rating with a yearly target price of $51.71, suggesting a growth outlook for the following sessions.
Ventas, Inc. engages in the acquisition and ownership of seniors’ housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties. The SHOP segment invests in senior housing communities and engages with independent managers to operate those communities.
Will VTR Stock Revert the Gains Toward 20 Day EMA?
On the daily charts, VTR stock price was near the support zone and made a bullish engulfing candlestick in the last trading session, it regained momentum, signaling the buyer accumulation. Moreover, the price action favors a rebound, and VTR stock will retest the 20-day EMA in the following sessions. Furthermore, the VTR share price has supported the 38.2% Fib zone and showed a rebound.
The RSI curve stayed in the oversold region and showed a bullish divergence, indicating a significant rebound in the following sessions.
The MACD indicator shows a bearish crossover and red bars on the histogram, suggesting a mild negative outlook for the following sessions.
Summary
VTR stock price is below the significant moving averages and shows a falling channel pattern on the charts. Moreover, the VTR share price is close to the channel lows and suggests a significant rebound, which may retest the 20-day EMA in the upcoming sessions.
Technical Levels
Support Levels: $38 and $35
Resistance Levels: $45 and $50
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
