We assign a technical rating of 8 out of 10 to VERA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month VERA has a been trading in the 45.02 - 56.05 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that VERA is one of the better performing stocks in the market, outperforming 91% of all stocks.
- VERA is part of the Biotechnology industry. There are 528 other stocks in this industry. VERA outperforms 75% of them.
- VERA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VERA is lagging the market slightly.
- VERA has an average volume of 1591540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although VERA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
18.67
When analyzing the support we can see 5 important areas.
- Support @46.27 from a horizontal line in the daily time frame.
- A support zone ranging from 27.57 to 27.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.75 from a trend line in the daily time frame.
- Support @23.77 from a horizontal line in the daily time frame.
- Support @18.86 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 47.46 to 47.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 48.72 to 49.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for VERA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VERA is neutral. |
| ChartMill Relative Strength | 91.36 | POSITIVE | VERA has a high relative strength, it outperformed 91.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VERA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VERA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.63 | NEUTRAL | The RSI value for VERA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests VERA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.02 | NEUTRAL | The Stochastics value for VERA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for VERA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.95 | POSITIVE | The high ADX value value for VERA suggests a strong trend. |
46.51
+0.23 (+0.5%)
VERA THERAPEUTICS INC / VERA FAQ
What is the ChartMill technical rating of VERA THERAPEUTICS INC (VERA) stock?
ChartMill assigns a technical rating of 8 / 10 to VERA.
Can you provide the trend direction for VERA THERAPEUTICS INC?
The current trend direction for VERA THERAPEUTICS INC (VERA) is Bullish.
What is the RSI signal for VERA THERAPEUTICS INC (VERA) stock?
VERA THERAPEUTICS INC (VERA) has an RSI value of 49.6288. This indicates that the stock is currently neutral.
What is the MACD signal for VERA stock?
The MACD indicator for VERA THERAPEUTICS INC (VERA) has a value of -1.00028, indicating a bearish trend.
What are the support and resistance levels for VERA THERAPEUTICS INC (VERA) stock?
VERA THERAPEUTICS INC (VERA) has a support level at 46.27 and a resistance level at 47.46. Check the full technical report for our detailed analysis of VERA support and resistance levels.