VERASTEM INC (VSTM) Stock Technical Analysis
NASDAQ:VSTM • US92337C2035
We assign a technical rating of 0 out of 10 to VSTM. VSTM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, VSTM is a bad performer in the overall market: 84% of all stocks are doing better.
- VSTM is one of the lesser performing stocks in the Biotechnology industry. 62% of 521 stocks in the same industry do better.
- VSTM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month VSTM has a been trading in the 5.65 - 7.05 range, which is quite wide. It is currently trading near the lows of this range.
- VSTM has an average volume of 1881280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, VSTM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
4.68
When analyzing the support we can see 3 important areas.
- Support @5.81 from a horizontal line in the weekly time frame.
- Support @5.55 from a trend line in the weekly time frame.
- Support @4.73 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.10 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.80 from a horizontal line in the daily time frame.
- Resistance @10.39 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.77 to 10.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for VSTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VSTM is down. |
| ChartMill Relative Strength | 16.15 | NEGATIVE | VSTM has a low relative strength, it was outperformed by 83.85% 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) | DOWN | NEGATIVE | The current price of VSTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VSTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.55 | NEUTRAL | The RSI value for VSTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VSTM has a positive trend. |
| Stochastics (14,3) | 14.06 | OVERSOLD | The low Stochastics value suggests VSTM may be oversold. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for VSTM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.65 | NEGATIVE | The low ADX value for VSTM suggests a weak or negative trend. |
5.93
-0.01 (-0.17%)
VERASTEM INC / VSTM FAQ
Can you provide the ChartMill technical rating for VERASTEM INC?
ChartMill assigns a technical rating of 0 / 10 to VSTM.
What is the trend direction for VSTM stock?
The current trend direction for VERASTEM INC (VSTM) is Bearish.
What is the RSI signal for VSTM stock?
VERASTEM INC (VSTM) has an RSI value of 40.5532. This indicates that the stock is currently neutral.
What is the short term momentum for VERASTEM INC (VSTM) stock?
The short term momentum for VERASTEM INC (VSTM) is negative.
What is the support and resistance level for VSTM stock?
VERASTEM INC (VSTM) has a support level at 5.81 and a resistance level at 6.1. Check the full technical report for our detailed analysis of VSTM support and resistance levels.