VERASTEM INC (VSTM) Stock Technical Analysis
NASDAQ:VSTM - Nasdaq - US92337C2035 - Common Stock - Currency: USD
Overall VSTM gets a technical rating of 6 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that VSTM is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, VSTM also shows a nice and consistent pattern of rising prices.
VSTM is part of the Biotechnology industry. There are 551 other stocks in this industry. VSTM outperforms 88% of them.
VSTM has an average volume of 2467630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
VSTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VSTM is lagging the market.
In the last month VSTM has a been trading in the 4.58 - 6.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
4.21
7.58
When analyzing the support we can see 2 important areas.
- Support @4.40 from a trend line in the weekly time frame.
- A support zone ranging from 4.25 to 4.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.98 to 5.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.15 from a horizontal line in the weekly time frame.
- Resistance @6.30 from a horizontal line in the daily time frame.
- Resistance @7.50 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 | NEUTRAL | NEUTRAL | The short term trend for VSTM is neutral. |
| ChartMill Relative Strength | 93.68 | POSITIVE | VSTM has a high relative strength, it outperformed 93.68% 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) | DOWN | MIXED | The current price of VSTM is above a declining 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) | 52.72 | NEUTRAL | The RSI value for VSTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VSTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.51 | NEUTRAL | The Stochastics value for VSTM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.34 | HIGH VOLATILITY | The high ATR as a percentage value for VSTM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.78 | 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)
5.72
-0.25 (-4.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.19%
1 Week-8.19%
2 Weeks6.92%
1 Month18.92%
3 Month-20.22%
6 Month-1.21%
12 Month143.4%
2 Year-41.39%
3 Year-58.91%
5 Year-62.17%
10 Year-92.17%
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%7.34%
ATR Inc-24.47%
Range Today0.49
ADR(20)0.42
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.68
Mansfield0.42
10 Day High6.78
10 Day Low5.15
20 Day High6.78
20 Day Low4.58
52 Week High9.1
52 Week Low2.24
CS1 End4.4
CR1 Start5.98
Volume & EV
DER(3)-1.12%
DER(5)-2.23%
Volume1.86M
Volume Incr-28.74%
Vol(5)1.74M
Vol(50)2.47M