VERASTEM INC (VSTM) Stock Technical Analysis
NASDAQ:VSTM - Nasdaq - US92337C2035 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to VSTM. Both in the recent history as in the last year, VSTM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
VSTM is part of the Biotechnology industry. There are 560 other stocks in this industry. VSTM outperforms 95% of them.
VSTM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VSTM is performing more or less in line with the market.
VSTM has an average volume of 1503220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, VSTM did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month VSTM has a been trading in the 6.35 - 9.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
VSTM 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 very little resistance above the current price.
More info and screens
5.00
8.40
2 important support areas can be observed.
- Support @6.52 from a horizontal line in the daily time frame.
- A support zone ranging from 5.05 to 5.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @8.32 from a horizontal line in the weekly time frame.
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 VSTM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VSTM is neutral. |
| ChartMill Relative Strength | 96.51 | POSITIVE | VSTM has a high relative strength, it outperformed 96.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VSTM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VSTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VSTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for VSTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VSTM has a negative trend. |
| Stochastics (14,3) | 43.15 | NEUTRAL | The Stochastics value for VSTM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.18 | HIGH VOLATILITY | The high ATR as a percentage value for VSTM suggests high volalility. |
| Average Directional Index/ADX (14) | 22.52 | NEUTRAL | The ADX value for VSTM suggests a possible start of a new 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)
7.52
-0.25 (-3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.22%
1 Week0.53%
2 Weeks-5.17%
1 Month1.21%
3 Month34.41%
6 Month40.82%
12 Month89.9%
2 Year-38.56%
3 Year-51.04%
5 Year-66.31%
10 Year-92.76%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%10.18%
ATR Inc-42.67%
Range Today0.61
ADR(20)0.76
ADR(20)%10.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.51
Mansfield5.81
10 Day High9.1
10 Day Low6.78
20 Day High9.1
20 Day Low6.35
52 Week High9.1
52 Week Low2.1
CS1 End6.52
CR1 Start8.32
Volume & EV
DER(3)-2.9%
DER(5)-0.16%
Volume1.51M
Volume Incr45.27%
Vol(5)2.75M
Vol(50)1.50M