VERU Technical Analysis - VERU INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to VERU. In the past year, VERU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

94% 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 76% are performing better than VERU.

VERU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month VERU has a been trading in the 3.25 - 4.59 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

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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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.44. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for VERU in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.44

7.87

We found 2 important support areas.

A support zone ranging from 4.10 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3.47 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 4.42 to 4.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @7.79 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for VERU is up.
ChartMill Relative Strength	6.37	NEGATIVE	VERU has a low relative strength, it was outperformed by 93.63% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VERU is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of VERU is above the rising 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)	60.6	NEUTRAL	The RSI value for VERU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests VERU has a positive trend.
Stochastics (14,3)	60.69	NEUTRAL	The Stochastics value for VERU is a neutral value.
Average True Range in percent/ATR (20)	6.86	HIGH VOLATILITY	The high ATR as a percentage value for VERU suggests high volalility.
Average Directional Index/ADX (14)	24.26	NEUTRAL	The ADX value for VERU suggests a possible start of a new trend.