Valley National Bancorp

The stock is in a Stage 2 advance with clear higher highs and higher lows and strong support from rising EMAs, but price is extended and extremely overbought. A mid-June bearish engulfing (E Candle) and negative RSI divergence signal pullback risk. Favor deferred entry on a pullback into the rising EMAs (20/50) to improve the risk/reward profile.

• ↑Q1 net income $164M, 28¢ EPS
• ↑Loan book grew $700M (+5.5% ann.), C&I demand strong
• ↓Profitability metrics weak, pressuring future margins