VERONA PHARMA PLC - ADR (VRNA) Stock Technical Analysis
USA - NASDAQ:VRNA - US9250501064 - ADR
106.91 USD
+0.12 (+0.11%)
106.94 USD
+0.03 (+0.03%)
We assign a technical rating of 10 out of 10 to VRNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VRNA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VRNA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, VRNA also shows a nice and consistent pattern of rising prices.
VRNA is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 94% of 195 stocks in the same industry.
VRNA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 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
78.23
107.99
We found 2 important support areas.
- 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.
When analyzing the resistance we notice one important 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.
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. |
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 |
|---|---|---|---|
| 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 trade has a worst case loss of 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.
106.91
+0.12 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.11%
1 Week0.28%
2 Weeks0.62%
1 Month0.66%
3 Month1.98%
6 Month85.25%
12 Month227.19%
2 Year666.38%
3 Year735.23%
5 Year1721.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.16%
ATR Inc-48.43%
Range Today0.12
ADR(20)0.16
ADR(20)%0.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97
Mansfield3.44
10 Day High106.93
10 Day Low106.15
20 Day High106.93
20 Day Low105.78
52 Week High106.93
52 Week Low31.6
CS1 End106.67
CR1 Start106.92
Volume & EV
DER(3)-5.35%
DER(5)-3.59%
Volume1.87M
Volume Incr2.56%
Vol(5)1.54M
Vol(50)1.56M