VTYX Technical Analysis - VENTYX BIOSCIENCES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to VTYX. Both in the recent history as in the last year, VTYX has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

VTYX is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. VTYX outperforms 80% of them.

VTYX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month VTYX has a been trading in the 2.30 - 4.12 range, which is quite wide. It is currently trading near the high of this range.

VTYX has an average volume of 1013480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, VTYX did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VENTYX BIOSCIENCES INC / VTYX Weekly stock chart

VENTYX BIOSCIENCES INC / VTYX Daily stock chart

Setup Rating and Analysis

Although VTYX has an excellent technical rating, the quality of the presented setup is not ideal 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

2.34

4.05

When analyzing the support we can see 4 important areas.

A support zone ranging from 3.82 to 3.88. 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 3.55 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.64 from a trend line in the daily time frame.
Support @2.36 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @4.01 from a horizontal line in the daily 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 VTYX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for VTYX is up.
ChartMill Relative Strength	90.07	POSITIVE	VTYX has a high relative strength, it outperformed 90.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VTYX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of VTYX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VTYX is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.28	NEUTRAL	The RSI value for VTYX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests VTYX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.6	OVERBOUGHT	The high Stochastics value suggests VTYX may be overbought.
Average True Range in percent/ATR (20)	8.26	HIGH VOLATILITY	The high ATR as a percentage value for VTYX suggests high volalility.
Average Directional Index/ADX (14)	43.21	POSITIVE	The high ADX value value for VTYX suggests a strong trend.