VERASTEM INC (VSTM) Stock Technical Analysis
NASDAQ:VSTM - Nasdaq - US92337C2035 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to VSTM. Although VSTM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month VSTM has a been trading in the 4.91 - 9.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
VSTM is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 557 stocks in the same industry.
VSTM has an average volume of 1985900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, VSTM did better than 81% of all other stocks. However, VSTM's most recent performance is quite weak.
VSTM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VSTM is lagging the market slightly.
VSTM has an average technical rating and it also does not offer a high quality setup 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
4.58
8.10
When analyzing the support we notice one important area.
- Support @4.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.02 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for VSTM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VSTM is down. |
| ChartMill Relative Strength | 81.98 | POSITIVE | VSTM has a high relative strength, it outperformed 81.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VSTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VSTM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VSTM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.8 | NEUTRAL | The RSI value for VSTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests VSTM has a negative trend. |
| Stochastics (14,3) | 1.19 | OVERSOLD | The low Stochastics value suggests VSTM may be oversold. |
| Average True Range in percent/ATR (20) | 11.53 | HIGH VOLATILITY | The high ATR as a percentage value for VSTM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.89 | 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)
4.93
-0.26 (-5.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.01%
1 Week-16.16%
2 Weeks-20.23%
1 Month-35.22%
3 Month-25.86%
6 Month17.66%
12 Month56.01%
2 Year-33.74%
3 Year-64.58%
5 Year-76.11%
10 Year-94.55%
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%11.53%
ATR Inc-38.03%
Range Today0.34
ADR(20)0.56
ADR(20)%11.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.98
Mansfield0.04
10 Day High6.62
10 Day Low4.91
20 Day High9.1
20 Day Low4.91
52 Week High9.1
52 Week Low2.1
CS1 End4.63
CR1 Start8.02
Volume & EV
DER(3)-3.74%
DER(5)-0.25%
Volume7.28M
Volume Incr8.57%
Vol(5)2.60M
Vol(50)1.99M