Valley National Bancorp (VLY)

Valley National Bancorp is trading at $14.84, down 0.67% on the session. The 50 day average sits at $14.46 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.8, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $14.35 with resistance near $15.20, so that band frames the current range. Average daily movement is roughly $0.28, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 77 out of 100 combines a trend score of 72, momentum of 79 and a risk score of 83.

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. The company operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. It offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, construction, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. The company also invests in various securities and interest-bearing deposits with other banks; and provides international banking services. In addition, it offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, the company provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as private banking and management services. Additionally, it offers niche financial services, including loan and deposit products for homeowners associations, cannabis-related business banking, and venture banking; online, mobile, and telephone banking services; credit cards; and automated teller machine services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.