Taking everything into account, VERU scores 0 out of 10 in our technical rating. VERU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 90% of all other stocks performed better in the past year than VERU.
- VERU is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 70% are performing better than VERU.
- 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 2.20 - 2.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
VERU has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.27, a Stop Loss order could be placed below this zone.
More info and screens
2.24
We found 1 important support area.
- A support zone ranging from 2.26 to 2.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.40 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.73 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for VERU is neutral. |
| ChartMill Relative Strength | 10.28 | NEGATIVE | VERU has a low relative strength, it was outperformed by 89.72% 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) | 42.55 | NEUTRAL | The RSI value for VERU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VERU has a negative trend. |
| Stochastics (14,3) | 20.84 | NEUTRAL | The Stochastics value for VERU is a neutral value. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for VERU suggests high volalility. |
| Average Directional Index/ADX (14) | 15.66 | NEGATIVE | The low ADX value for VERU suggests a weak or negative trend. |
2.3
-0.01 (-0.43%)
VERU INC / VERU FAQ
Can you provide the ChartMill technical rating for VERU INC?
ChartMill assigns a technical rating of 0 / 10 to VERU.
Can you provide the trend direction for VERU INC?
The current trend direction for VERU INC (VERU) is Bearish.
What is the RSI signal for VERU stock?
VERU INC (VERU) has an RSI value of 42.5453. This indicates that the stock is currently neutral.
What is the short term momentum for VERU stock?
The short term momentum for VERU INC (VERU) is neutral.
What are the support and resistance levels for VERU INC (VERU) stock?
VERU INC (VERU) has a support level at 2.27 and a resistance level at 2.4. Check the full technical report for our detailed analysis of VERU support and resistance levels.