Question 1

What implications does the 10-day RSI indicator have for VRNA?

Accepted Answer

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

What does the Stochastic Oscillator suggest about VRNA's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did VRNA's Momentum indicator behave recently?

Accepted Answer

VRNA saw its Momentum Indicator move above the 0 level on August 12, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned positive. In 82 of the 96 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What does MACD indicator imply for VRNA?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for VRNA just turned positive on August 13, 2024. Looking at past instances where VRNA's MACD turned positive, the stock continued to rise in 30 of 38 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for VRNA?

Accepted Answer

Following a +1.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where VRNA advanced for three days, in 212 of 275 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for VRNA's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VRNA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does VRNA breaking above its upper Bollinger Band indicate?

Accepted Answer

VRNA broke above its upper Bollinger Band on August 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 8

How does the Aroon Indicator reflect on VRNA's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 117 of 148 cases where VRNA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

VRNA Stock Verona Pharma (VRNA, $12.1) Stochastic Oscillator left the oversold zone on June 04, 2024

Momentum Indicator for VRNA turns positive, indicating new upward trend

General Information