VERASTEM INC (VSTM)

US92337C2035 - Common Stock

11.88  +0.06 (+0.51%)

Technical Rating and Analysis

9

Overall VSTM gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

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.
Looking at the yearly performance, VSTM did better than 97% of all other stocks. On top of that, VSTM also shows a nice and consistent pattern of rising prices.
VSTM is one of the better performing stocks in the Biotechnology industry, it outperforms 88% of 592 stocks in the same industry.
VSTM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VSTM is lagging the market slightly.
In the last month VSTM has a been trading in the 9.81 - 13.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
VSTM Weekly chart
VSTM Daily chart
Setup Rating and Analysis

6

VSTM 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.

Support and Resistance Analysis

10.29

13.36

We found 3 important support areas.

  • A support zone ranging from 11.69 to 11.85. 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 10.99 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 10.39 to 10.49. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 11.94 to 12.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 13.04 to 13.23. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.03
Mansfield1.48
10 Day High12.5
10 Day Low9.81
20 Day High13.61
20 Day Low9.81
52 Week High15.18
52 Week Low4.2
Performance
1 Week0.25%
2 Weeks10.06%
1 Month-7.73%
3 Month45.21%
6 Month45.39%
12 Month137.24%
2 Year-30.14%
3 Year-60.12%
5 Year-66.72%
10 Year-90.87%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)51.43
LBB10.35
UBB12.32
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
12.0610.981.08 (8.96%)11.17%
An entry @12.06. This is a Buy Stop order right above the resistance zone.An exit @10.98. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.08 points, which is 8.96%.When investing 11.17% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of VSTM. Please evaluate whether better entry and exit points can be found.
  • 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.
VSTM Daily chart

VERASTEM INC

NASDAQ:VSTM (3/28/2024, 2:47:02 PM)

11.88

+0.06 (+0.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.51%
1 Week0.25%
2 Weeks10.06%
1 Month-7.73%
3 Month45.21%
6 Month45.39%
12 Month137.24%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.75
ATR(20)%6.43%
ATR Inc
Range Today0.42
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.5
10 Day Low9.81
20 Day High13.61
20 Day Low9.81
52 Week High15.18
52 Week Low4.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume49.11K
Volume Incr25.3%
Vol(5)198.16K
Vol(50)160.56K