VERONA PHARMA PLC - ADR (VRNA) Stock Technical Analysis
NASDAQ:VRNA - Nasdaq - US9250501064 - ADR - Currency: USD
Taking everything into account, VRNA scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VRNA is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by VRNA over the past year are nicely spread over this period.
VRNA is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 98% of 194 stocks in the same industry.
VRNA 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.
In the last month VRNA has a been trading in the 86.63 - 105.30 range, which is quite wide. It is currently trading near the high of this range.
VRNA has an average volume of 3845100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VRNA 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 105.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.86, a Stop Loss order could be placed below this zone.
More info and screens
52.69
106.07
4 important support areas can be observed.
- A support zone ranging from 104.67 to 104.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @94.10 from a trend line in the daily time frame.
- A support zone ranging from 68.78 to 69.19. 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 105.01 to 105.02. 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 | 98.86 | POSITIVE | VRNA has a high relative strength, it outperformed 98.86% 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) | 70.7 | OVERBOUGHT | The high RSI value suggests VRNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests VRNA has a negative trend. |
| Stochastics (14,3) | 98.32 | OVERBOUGHT | The high Stochastics value suggests VRNA may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for VRNA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.22 | POSITIVE | The high ADX value value for VRNA 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 |
|---|---|---|---|
| 105.03 | 104.66 | 0.37 (0.35%) | 25.00% |
| An entry @105.03. This is a Buy Stop order right above the resistance zone. | An exit @104.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.37 points, which is 0.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The distance between exit and entry is rather small compared to the average daily movement of VRNA. Please evaluate whether better entry and exit points can be found.
- 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
+0.05 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.05%
1 Week0.21%
2 Weeks0.14%
1 Month10.4%
3 Month60.4%
6 Month90.91%
12 Month361.95%
2 Year375.33%
3 Year1851.67%
5 Year1439.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%2.37%
ATR Inc-95.1%
Range Today0.11
ADR(20)1.59
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.86
Mansfield7.53
10 Day High105.3
10 Day Low104.58
20 Day High105.3
20 Day Low86.63
52 Week High105.3
52 Week Low18.51
CS1 End104.86
CR1 Start105.01
Volume & EV
DER(3)-3.17%
DER(5)-2.52%
Volume2.64M
Volume Incr-56.75%
Vol(5)3.10M
Vol(50)3.85M