[NEUTRAL]: Neither buyer or seller are in control at the close of the market for Versartis. There has been 3 consecutive days of prices closing in the middle part of the trading range for VSAR showing a lack of direction in the first timeframe & highlights the lack of commitment from both the buyers & sellers. Over the last 12 months there has been 4 trading days with the closing price in the middle part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the middle range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 4 days in the middle price range giving a ratio of 0.1x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Versartis (VSAR)
Stock Exchange: NASDAQ
Ticker Codes: | VSAR | NASDAQ:VSAR |
Versartis, Inc. operates as an endocrine-focused biopharmaceutical company in the United States. It is developing somavaratan, a long-acting recombinant human growth hormone for the treatment of growth hormone deficiency. The company was founded in 2008 and is headquartered in Menlo Park, California.
Close vs RangeDownload
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