VERASTEM INC (VSTM) Stock Technical Analysis
USA - NASDAQ:VSTM - US92337C2035 - Common Stock
Overall VSTM gets a technical rating of 9 out of 10. 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.
VSTM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.21. Right above this resistance zone may be a good entry point.
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4.41
When analyzing the support we can see 4 important areas.
- Support @7.94 from a horizontal line in the weekly time frame.
- Support @7.80 from a horizontal line in the daily time frame.
- Support @4.89 from a trend line in the weekly time frame.
- Support @4.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.21 to 9.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.52 from a horizontal line in the daily time frame.
- Resistance @10.53 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 | 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 | 94.94 | POSITIVE | VSTM has a high relative strength, it outperformed 94.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VSTM is below the rising 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 | POSITIVE | The current price of VSTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.53 | NEUTRAL | The RSI value for VSTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests VSTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.41 | NEUTRAL | The Stochastics value for VSTM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for VSTM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for VSTM suggests a weak or negative trend. |
8.72
+0.77 (+9.69%)
VERASTEM INC / VSTM FAQ
Can you provide the ChartMill technical rating for VERASTEM INC?
ChartMill assigns a technical rating of 9 / 10 to VSTM.
What is the current trend direction of VERASTEM INC (VSTM) stock?
The current trend direction for VERASTEM INC (VSTM) is Bullish.
What is the RSI signal for VSTM stock?
VERASTEM INC (VSTM) has an RSI value of 50.5322. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for VERASTEM INC?
VERASTEM INC (VSTM) has a support level at 7.94 and a resistance level at 9.21. Check the full technical report for our detailed analysis of VSTM support and resistance levels.