VERONA PHARMA PLC - ADR (VRNA) Technical Analysis
NASDAQ:VRNA • US9250501064
Current stock price
VRNA Technical Rating and Analysis
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!
- Looking at the yearly performance, VRNA did better than 97% of all other 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 91% of 192 stocks in the same industry.
- VRNA is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VRNA is leading the market.
- VRNA has an average volume of 1555350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month VRNA has a been trading in a tight range between 105.78 and 106.93.
VRNA Weekly and Daily overview Charts
VRNA Setup Rating and Analysis
VRNA has an excellent technical rating, but the quality of the setup is only medium 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
VRNA Support and Resistance Analysis
78.23
2 important support areas can be observed.
- A support zone ranging from 105.19 to 106.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @79.02 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 106.92 to 106.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
VRNA 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 VRNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRNA is up. |
| ChartMill Relative Strength | 97 | POSITIVE | VRNA has a high relative strength, it outperformed 97% 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) | 72.03 | OVERBOUGHT | The high RSI value suggests VRNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VRNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.03 | OVERBOUGHT | The high Stochastics value suggests VRNA may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for VRNA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.32 | POSITIVE | The high ADX value value for VRNA suggests a strong trend. |
VRNA Chart- and CandleStick Pattern Analysis
VRNA 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 |
|---|---|---|---|
| 106.93 | 106.14 | 0.79 (0.74%) | 25.00% |
| An entry @106.93. This is a Buy Stop order right above the resistance zone. | An exit @106.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.79 points, which is 0.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
VRNA Technicals: Chart, Performance Metrics, Trend & Indicators
106.91
+0.12 (+0.11%)
VERONA PHARMA PLC - ADR / VRNA TA FAQ
Can you provide the ChartMill technical rating for VERONA PHARMA PLC - ADR?
ChartMill assigns a technical rating of 10 / 10 to VRNA.
What is the trend direction for VRNA stock?
The current trend direction for VERONA PHARMA PLC - ADR (VRNA) is Bullish.
Can you provide the RSI signal for VERONA PHARMA PLC - ADR?
VERONA PHARMA PLC - ADR (VRNA) has an RSI value of 72.0331. This indicates that the stock is currently overbought.
What is the MACD signal for VRNA stock?
The MACD indicator for VERONA PHARMA PLC - ADR (VRNA) has a value of -0.0417671, indicating a bearish trend.
Can you provide the short term momentum for VERONA PHARMA PLC - ADR?
The short term momentum for VERONA PHARMA PLC - ADR (VRNA) is positive.