VRNA NEWS why is Verona Pharma Plc price falling or rising

VRNA NEWS reasons for why stock price of Verona Pharma Plc is falling or rising

VRNA Verona Pharma is falling or rising technical reasons

Technical analysis forecast for Verona Pharma Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Verona Pharma VRNA at this time. Stock is falling and might fall more.

It appears as if Verona Pharma VRNA gave a large move recently.

Stock of Verona Pharma (VRNA) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Verona Pharma is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Verona Pharma stays below 14.4, but if it comes above 14.4, then a intra day buy could be more profitable.
If you take a sell trade below 14.4, then use 14.4 as stoploss and 13.6 as target. However if you take a buy trade in Verona Pharma, then use 14.4 as stoploss and 15.02 as target.

VRNA Verona Pharma is falling or rising NEWS fundamental reasons

More announcements and NEWS

VRNA Verona Pharma Plc current price & indicator signals

Moving Averages for Verona Pharma Plc

  • 5Day Average: 14.26
  • 12Day Average: 14.84
  • 20Day Average: 15.14
  • 50Day Average: 15.76
  • 100Day Average: 16.82
  • 150Day Average: 16.07
  • 200Day Average: 16.44

VRNA Indicators & signals

Indicator MACD (12,26,9)

14.69, 15.21, -0.38
Indicator MACD is in negative zone

Indicator ADX (14)

46.15, 11.29, 30.65
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of VRNA Verona Pharma Plc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
15 Wed May 2024 13.95 13.91 to 14.22 0.5% 0.54 times
14 Tue May 2024 13.88 13.61 to 14.21 0% 0.96 times
13 Mon May 2024 13.88 13.78 to 15.00 -6.53% 1.51 times
10 Fri May 2024 14.85 14.70 to 15.11 0.68% 1.26 times
09 Thu May 2024 14.75 14.71 to 15.26 -0.87% 1.21 times
08 Wed May 2024 14.88 14.70 to 15.14 0.61% 0.7 times
07 Tue May 2024 14.79 14.60 to 15.15 -1.07% 0.54 times
06 Mon May 2024 14.95 14.72 to 15.70 -4.72% 0.99 times
03 Fri May 2024 15.69 15.47 to 15.87 -0.38% 0.84 times
02 Thu May 2024 15.75 15.20 to 15.90 3.48% 1.14 times
01 Wed May 2024 15.22 15.19 to 15.73 -1.49% 0.85 times
30 Tue Apr 2024 15.45 15.45 to 15.62 -0.71% 0.61 times

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VRNA NEWS why is Verona Pharma Plc price falling or rising

 

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