VERU Technical Analysis - VERU INC

Technical Rating and Analysis

Overall VERU gets a technical rating of 0 out of 10. VERU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

98% of all other stocks performed better in the past year than VERU.

VERU is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 196 stocks in the same industry do better.

VERU is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month VERU has a been trading in the 3.22 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

VERU has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.56, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.31

3.91

When analyzing the support we notice one important area.

Support @3.34 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 3.46 to 3.46. 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 3.55 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @3.87 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for VERU is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VERU is down.
ChartMill Relative Strength	2.94	NEGATIVE	VERU has a low relative strength, it was outperformed by 97.06% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VERU is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VERU is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VERU is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.49	NEUTRAL	The RSI value for VERU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests VERU has a positive trend, although the MACD value is declining.
Stochastics (14,3)	43.28	NEUTRAL	The Stochastics value for VERU is a neutral value.
Average True Range in percent/ATR (20)	6.08	HIGH VOLATILITY	The high ATR as a percentage value for VERU suggests high volalility.
Average Directional Index/ADX (14)	19.88	NEGATIVE	The low ADX value for VERU suggests a weak or negative trend.