VTGN Technical Analysis - VISTAGEN THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to VTGN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VTGN is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

VTGN is part of the Biotechnology industry. There are 536 other stocks in this industry. VTGN outperforms 79% of them.

VTGN 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 VTGN is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that VTGN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month VTGN has a been trading in the 2.91 - 4.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VISTAGEN THERAPEUTICS INC / VTGN Weekly stock chart

VISTAGEN THERAPEUTICS INC / VTGN Daily stock chart

Setup Rating and Analysis

VTGN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.00

4.10

We found 3 important support areas.

Support @3.32 from a trend line in the weekly time frame.
Support @3.23 from a trend line in the daily time frame.
Support @3.03 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @3.90 from a horizontal line in the daily time frame.
A resistance zone ranging from 4.04 to 4.06. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 VTGN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for VTGN is up.
ChartMill Relative Strength	90.99	POSITIVE	VTGN has a high relative strength, it outperformed 90.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VTGN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of VTGN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VTGN is above the rising SMA(200).
Relative Strength Index/RSI (14)	64.59	NEUTRAL	The RSI value for VTGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests VTGN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.93	NEUTRAL	The Stochastics value for VTGN is a neutral value.
Average True Range in percent/ATR (20)	6.83	HIGH VOLATILITY	The high ATR as a percentage value for VTGN suggests high volalility.
Average Directional Index/ADX (14)	38.27	POSITIVE	The high ADX value value for VTGN suggests a strong trend.