Traders Keeping Verona Pharma Plc American Depositary Share (VRNA) on Close Watch As Shares Move

Needle moving action has been spotted in Verona Pharma Plc American Depositary Share (VRNA) as shares are moving today on volatility -2.79% or -0.457 from the open. The NASDAQ listed company saw a recent bid of 15.943 and 978 shares have traded hands in the session.

Active investors are typically trying to beat the market any way they can. When starting out, investors may be under the impression that taking profits in the stock market is easy. Although some may find this the case, the majority will realize how hard it actually is. With so much media attention focused on the day to day happenings in the stock market, it can be easy to become distracted by all the noise. Trying to time the market is rarely a recipe for success. Investors will most likely end up underwater without a focused plan. Creating and maintaining a well-balanced portfolio may take some time and effort for the novice investor to eventually accomplish.

Taking a deeper look into the technical levels of Verona Pharma Plc American Depositary Share (VRNA), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -26.13. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Verona Pharma Plc American Depositary Share (VRNA) currently has a 14-day Commodity Channel Index (CCI) of 77.16. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Verona Pharma Plc American Depositary Share’s  14-day RSI is currently at 69.43, the 7-day stands at 69.16, and the 3-day is sitting at 54.14.

Currently, the 14-day ADX for Verona Pharma Plc American Depositary Share (VRNA) is sitting at 28.96. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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