VERVE THERAPEUTICS INC (VERV) Technical Analysis
NASDAQ:VERV • US92539P1012
Current stock price
VERV Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to VERV. 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 one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 519 stocks in the same industry.
- VERV is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VERV is leading 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- VERV has an average volume of 5522360 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 95% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month VERV has a been trading in a tight range between 10.90 and 11.34.
VERV Weekly and Daily overview Charts
VERV Setup Rating and Analysis
Besides having an excellent technical rating, VERV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.11, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
VERV Support and Resistance Analysis
5.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.90 to 11.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.04 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.31 to 11.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
VERV 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 | 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 | 95.29 | POSITIVE | VERV has a high relative strength, it outperformed 95.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VERV is above a declining 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) | 76.26 | OVERBOUGHT | The high RSI value suggests VERV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests VERV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.47 | NEUTRAL | The Stochastics value for VERV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for VERV suggests low volalility. |
| Average Directional Index/ADX (14) | 57.47 | POSITIVE | The high ADX value value for VERV suggests a strong trend. |
VERV Chart- and CandleStick Pattern Analysis
VERV Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.26 | 10.89 | 0.37 (3.29%) | 25.00% |
| An entry @11.26. This is a Buy Stop order right above the 10 day high. | An exit @10.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.37 points, which is 3.29%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
VERV Technicals: Chart, Performance Metrics, Trend & Indicators
11.13
+0.03 (+0.27%)
VERVE THERAPEUTICS INC / VERV TA FAQ
What is the technical rating for VERV stock?
ChartMill assigns a technical rating of 8 / 10 to VERV.
What is the current trend direction of VERVE THERAPEUTICS INC (VERV) stock?
The current trend direction for VERVE THERAPEUTICS INC (VERV) is Bullish.
What is the RSI signal for VERVE THERAPEUTICS INC (VERV) stock?
VERVE THERAPEUTICS INC (VERV) has an RSI value of 76.2553. This indicates that the stock is currently overbought.
Can you provide the MACD signal for VERVE THERAPEUTICS INC?
The MACD indicator for VERVE THERAPEUTICS INC (VERV) has a value of -0.213392, indicating a bearish trend.
Can you provide the support and resistance levels for VERVE THERAPEUTICS INC?
VERVE THERAPEUTICS INC (VERV) has a support level at 11.11 and a resistance level at 11.31. Check the full technical report for our detailed analysis of VERV support and resistance levels.