VERVE THERAPEUTICS INC (VERV) Stock Technical Analysis
USA - NASDAQ:VERV - US92539P1012 - Common Stock
11.13 USD
+0.03 (+0.27%)
11.2 USD
+0.07 (+0.63%)
Overall VERV gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
VERV is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 540 stocks in the same industry.
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.
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 has an excellent technical rating and 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. Another positive sign is the recent Pocket Pivot signal.
- 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
5.98
11.50
We found 2 important support 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.
When analyzing the resistance we notice one important 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.
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. |
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)
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.
11.13
+0.03 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.27%
1 Week1.64%
2 Weeks0.63%
1 Month-0.71%
3 Month93.23%
6 Month40.71%
12 Month50.41%
2 Year-45.68%
3 Year-54.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.04%
ATR Inc-6.96%
Range Today0.15
ADR(20)0.11
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.29
Mansfield6.43
10 Day High11.25
10 Day Low10.9
20 Day High11.34
20 Day Low10.9
52 Week High11.4
52 Week Low2.86
CS1 End11.11
CR1 Start11.31
Volume & EV
DER(3)0.85%
DER(5)0.98%
Volume10.31M
Volume Incr111.94%
Vol(5)8.29M
Vol(50)5.52M