VERACYTE INC (VCYT) Technical Analysis
NASDAQ:VCYT • US92337F1075
Overall VCYT gets a technical rating of 0 out of 10. VCYT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, VCYT is a bad performer in the overall market: 73% of all stocks are doing better.
- In the last month VCYT has a been trading in the 34.17 - 39.89 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- VCYT is an average performer in the Biotechnology industry, it outperforms 46% of 520 stocks in the same industry.
- VCYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VCYT is lagging the market.
- Volume is considerably higher in the last couple of days.
VCYT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 36.18, a Stop Loss order could be placed below this zone.
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25.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 35.62 to 36.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.75 to 34.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.95 from a horizontal line in the daily time frame.
- Support @25.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.96 to 38.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.24 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for VCYT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VCYT is down. |
| ChartMill Relative Strength | 27.91 | NEGATIVE | VCYT has a low relative strength, it was outperformed by 72.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VCYT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VCYT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VCYT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.65 | NEUTRAL | The RSI value for VCYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests VCYT has a positive trend. |
| Stochastics (14,3) | 28.26 | NEUTRAL | The Stochastics value for VCYT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for VCYT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for VCYT suggests a possible start of a new trend. |
VCYT Technicals: Chart, Performance Metrics, Trend & Indicators
36.27
+1.19 (+3.39%)
VERACYTE INC / VCYT FAQ
What is the technical rating for VCYT stock?
ChartMill assigns a technical rating of 0 / 10 to VCYT.
What is the current trend direction of VERACYTE INC (VCYT) stock?
The current trend direction for VERACYTE INC (VCYT) is Bearish.
What is the RSI signal for VERACYTE INC (VCYT) stock?
VERACYTE INC (VCYT) has an RSI value of 45.6493. This indicates that the stock is currently neutral.
What is the short term momentum for VCYT stock?
The short term momentum for VERACYTE INC (VCYT) is negative.
What are the support and resistance levels for VERACYTE INC (VCYT) stock?
VERACYTE INC (VCYT) has a support level at 36.18 and a resistance level at 37.96. Check the full technical report for our detailed analysis of VCYT support and resistance levels.