VERONA PHARMA PLC - ADR (VRNA) Stock Technical Analysis
NASDAQ:VRNA - US9250501064 - ADR
105.91 USD
+0.03 (+0.03%)
105.91 USD
0 (0%)
We assign a technical rating of 10 out of 10 to VRNA. 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.
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 98% of all stocks. On top of that, VRNA also shows a nice and consistent pattern of rising prices.
VRNA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. VRNA outperforms 96% of them.
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 3993840 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 105.16 and 105.98.
Considerably lower volume is observed in the last couple of days.
VRNA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 105.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.70, a Stop Loss order could be placed below this zone.
More info and screens
68.26
106.98
We found 3 important support areas.
- A support zone ranging from 105.19 to 105.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 73.43 to 74.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 105.92 to 105.92. 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 | 98.22 | POSITIVE | VRNA has a high relative strength, it outperformed 98.22% 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) | 69.13 | NEUTRAL | The RSI value for VRNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests VRNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.68 | OVERBOUGHT | The high Stochastics value suggests VRNA may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for VRNA suggests low volalility. |
| Average Directional Index/ADX (14) | 35.18 | 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 |
|---|---|---|---|
| 105.93 | 105.22 | 0.71 (0.67%) | 25.00% |
| An entry @105.93. This is a Buy Stop order right above the resistance zone. | An exit @105.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.71 points, which is 0.67%. | For a 0.17% 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.
105.91
+0.03 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.03%
1 Week0.33%
2 Weeks0.61%
1 Month0.69%
3 Month30.43%
6 Month52.1%
12 Month285.41%
2 Year445.09%
3 Year916.41%
5 Year1410.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%0.25%
ATR Inc-7.54%
Range Today0.27
ADR(20)0.26
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.22
Mansfield5.5
10 Day High105.98
10 Day Low105.23
20 Day High105.98
20 Day Low105.16
52 Week High105.98
52 Week Low24.5
CS1 End105.7
CR1 Start105.92
Volume & EV
DER(3)-1.03%
DER(5)-2.02%
Volume712.50K
Volume Incr-35.31%
Vol(5)1.12M
Vol(50)3.99M