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Technical Analysis Update on One NYSE-Listed Electrical Equipment Stock-VRT

Apr 19, 2022 | Team Kalkine
Technical Analysis Update on One NYSE-Listed Electrical Equipment Stock-VRT

 

Vertiv Holdings, LLC

Vertiv Holdings, LLC (NYSE: VRT) is an electrical equipment and components company that provides critical digital infrastructure technologies and life cycle services.

Earlier Coverage:

As per our previous coverage of VRT on February 11, 2022, we had recommended ‘Buy’ on the stock at USD 21.51 from a technical analysis standpoint; however, the Stop-Loss (SL) level mentioned in the report was triggered on February 23, 2022. 

For clients that continue to hold the position, the below support/resistance summary table can be used for reference purposes.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on the investors’ appetite for upside potential, risks, holding duration, and any previous holdings.

Note 3: The report publishing date is as per the Pacific Time Zone. 

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.


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