Viatris Inc. stock trades under the ticker VTRS & has advanced +7.82% over the past year (ex-dividends).
They’ve declined -3.12% from their 52-week high reached yesterday & they have recovered +38.44% (ex-dividends) from their 52-week low that was reached in October of 2023.
Technical Analysis Of Viatris Inc. VTRS Stock
Their RSI is currently overbought at 77.88 following their steady ascent that began in mid-November 2023, while their MACD is pushing higher bullishly in a diagonal line.
Volumes over the past week have been +54.19% above average compared to the year prior (14,186,620 vs. 9,200,682.47), as investors were eager to pile into the wide range sessions of last Friday & yesterday, leading to the fresh 52-week high.
The highest level volume came on yesterday’s session, followed by the bullish session on last Friday, with the two bearish sessions in between those days having below average volume, signaling investor confidence.
Last Tuesday the big lift took place on a wide range session that resulted in a daily gain of +5.17%, which was followed by a spinning top on Wednesday where market participants were unsure as to where the price should go next & some profit taking from the day prior took place.
The spinning top candle was on the upper part of Tuesday’s candle & above its upper shadow, signaling that there was still bullish sentiment, however.
Thursday the rally continued higher, although there was some second guessing based on the lower shadow of the session’s candle, but Friday was full on risk-on by market participants, pushing prices +3.72% higher.
This week began with two cool down sessions, but Tuesday’s spinning top candle indicated that there was uncertainty back in the market, leading into yesterday’s bullish wide range session.
There appears to be a head & shoulders appearing since the start of next week, which will be an important thing to keep an eye on as we move into next week.
This is particularly important now as they set a new 52-week high yesterday & market participants will be sure to want to take some profits off of the table in the near-term.
Their Average True Range is indicating that they are in a strong trend with wide-ranging price days.
There are only three support touch-points for the next -13.39%, which include $11.70, $11.41 (10 Day Moving Average) & $11.21/share.
Given that the 10 DMA is continuing to march higher, once that has been broken as a support level there looks to be a lot of area for sellers to step in.
This makes it important to have an understanding of how investors have behaved previously when VTRS stock has been at the price levels it is currently at.
The price level:volume sentiment analysis below provides 4-5 years of price data & how investors have behaved at each level based on the volume levels.
It is not investment advice, but rather an additional tool to add into your due diligence process.
Price Level:Volume Sentiment Analysis For Viatris Inc. VTRS Stock
Due to prices being at an extreme as VTRX is at a 52-week high, the next support levels are currently even, where buyers & sellers have participated at a 1:1 ratio.
Buyers step in at the $11-11.50/share price box at a rate of 1.67:1, but that support grows weaker as it gets closer to the $10-10.50/share box, where Buyers have edged out sellers at a rate of 1.07:1 over the past 4-5 years.
Buyers continue to be in control until $9.49/share, which is where Sellers step in & have dominated all of the other 1 year support levels.
This is a -21.5% move down to reach that price level, highlighting the importance of the $10.62/share support level, as should that be broken there is not much strength in the consolidation areas that have the other support levels in terms of Buyers:Sellers strength.
In the event of declines, the table below can be referenced to get an idea as to how the market has previously valued VTRS stock & how they might again as it approaches different support levels.
Again, always do your own due diligence when making investing/trading decisions.
$35 – NULL – 0:0*; +189.26% From Current Price Level
$34 – NULL – 0:0*; +180.99% From Current Price Level
$33 – NULL – 0:0*; +172.73% From Current Price Level
$32 – Buyers – 0.7:0*; +164.46% From Current Price Level
$31 – Sellers – 0.1:0*; +156.2% From Current Price Level
$30 – Sellers – 3:1; +147.93% From Current Price Level
$29 – Sellers – 0.1:0*; +139.67% From Current Price Level
$28 – Even – 1:1; +131.4% From Current Price Level
$27 – Sellers – 1.2:1; +123.14% From Current Price Level
$26 – Even – 1:1; +114.88% From Current Price Level
$25 – Buyers – 1.29:1; +106.61% From Current Price Level
$24 – Buyers – 2.11:1; +98.35% From Current Price Level
$23 – Sellers – 2:1; +90.08% From Current Price Level
$22 – NULL – 0:0*; +81.82% From Current Price Level
$21 – NULL – 0:0*; +73.55% From Current Price Level
$20 – Buyers – 4:1; +65.29% From Current Price Level
$19.50 – Buyers – 1.25:1; +61.16% From Current Price Level
$19 – Sellers – 1.56:1; +57.02% From Current Price Level
$18.50 – Buyers – 1.83:1; +52.89% From Current Price Level
$18 – Buyers – 2.33:1; +48.76% From Current Price Level
$17.50 – Sellers – 1.3:1; +44.63% From Current Price Level
$17 – Even – 1:1; +40.5% From Current Price Level
$16.50 – Buyers – 1.15:1; +36.36% From Current Price Level
$16 – Buyers- 1.27:1; +32.23% From Current Price Level
$15.50 -Buyers – 1.31:1; +28.1% From Current Price Level
$15 – Sellers – 1.87:1; +23.97% From Current Price Level
$14.50 – Even – 1:1; +19.83% From Current Price Level
$14 – Buyers – 1.18:1; +15.7% From Current Price Level
$13.50 – Buyers – 1.19:1; +11.57% From Current Price Level
$13 – Sellers – 1.1:1; +7.44% From Current Price Level
$12.50 – Sellers – 1.44:1; +3.31% From Current Price Level
$12 – Sellers – 1.4:1; -0.83% From Current Price Level – Current Price Box*
$11.50 – Even – 1:1; -4.96% From Current Price Level
$11 – Buyers – 1.67:1 – -9.09% From Current Price Level – 10 Day Moving Average*
$10.50 – Buyers – 1.37:1; -13.22% From Current Price Level
$10 – Buyers – 1.07:1; -17.36% From Current Price Level
$9.50 – Buyers – 1.21:1; -21.49% From Current Price Level – 50 & 200 Day Moving Averages**
$9 – Sellers – 1.1:1; -25.62% From Current Price Level
$8.50 – Sellers – 1.02:1; -29.75% From Current Price Level
$8 – Sellers – 1.86:1; -33.88% From Current Price Level
$7.50 – NULL – 0:0*; -38.02% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN VTRS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***