VERONA PHARMA PLC - ADR (VRNA) Stock Technical Analysis
NASDAQ:VRNA - Nasdaq - US9250501064 - ADR - Currency: USD
Overall VRNA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, VRNA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, VRNA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 105.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.09, a Stop Loss order could be placed below this zone.
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52.69
4 important support areas can be observed.
- A support zone ranging from 103.36 to 105.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @97.72 from a trend line in the daily time frame.
- A support zone ranging from 69.71 to 70.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.30 to 105.30. 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 VRNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRNA is up. |
| ChartMill Relative Strength | 99.01 | POSITIVE | VRNA has a high relative strength, it outperformed 99.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.25 | OVERBOUGHT | The high RSI value suggests VRNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests VRNA has a negative trend. |
| Stochastics (14,3) | 58.93 | NEUTRAL | The Stochastics value for VRNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for VRNA suggests low volalility. |
| Average Directional Index/ADX (14) | 33.08 | POSITIVE | The high ADX value value for VRNA suggests a strong trend. |
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 |
|---|---|---|---|
| 105.31 | 104.84 | 0.47 (0.45%) | 25.00% |
| An entry @105.31. This is a Buy Stop order right above the resistance zone. | An exit @104.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 0.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
105.18
+0.09 (+0.09%)