VERVE THERAPEUTICS INC (VERV) Stock Technical Analysis
NASDAQ:VERV - Nasdaq - US92539P1012 - Common Stock - Currency: USD
Taking everything into account, VERV scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VERV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
VERV is part of the Biotechnology industry. There are 558 other stocks in this industry. VERV outperforms 96% of them.
VERV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
VERV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
VERV has an average volume of 4920270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that VERV is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although VERV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.91
11.50
When analyzing the support we notice one important area.
- A support zone ranging from 11.02 to 11.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.18 to 11.39. 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 VERV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VERV is up. |
| ChartMill Relative Strength | 98.11 | POSITIVE | VERV has a high relative strength, it outperformed 98.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VERV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VERV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.44 | OVERBOUGHT | The high RSI value suggests VERV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests VERV has a negative trend. |
| Stochastics (14,3) | 8.82 | OVERSOLD | The low Stochastics value suggests VERV may be oversold. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for VERV suggests some volalility. |
| Average Directional Index/ADX (14) | 58.12 | POSITIVE | The high ADX value value for VERV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.03
-0.03 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.27%
1 Week-2.22%
2 Weeks-2%
1 Month72.61%
3 Month238.34%
6 Month99.46%
12 Month63.89%
2 Year-46.17%
3 Year-55.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.8%
ATR Inc-36.7%
Range Today0.07
ADR(20)0.18
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.11
Mansfield6.7
10 Day High11.34
10 Day Low11.02
20 Day High11.4
20 Day Low5.88
52 Week High11.4
52 Week Low2.86
CS1 End11.02
CR1 Start11.18
Volume & EV
DER(3)-0.17%
DER(5)-0.21%
Volume2.42M
Volume Incr-69.35%
Vol(5)2.48M
Vol(50)4.92M