VERACYTE INC (VCYT) Stock Technical Analysis
NASDAQ:VCYT - Nasdaq - US92337F1075 - Common Stock - Currency: USD
Overall VCYT gets a technical rating of 1 out of 10. VCYT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
VCYT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VCYT is lagging the market.
In the last month VCYT has a been trading in the 26.05 - 29.48 range, which is quite wide. It is currently trading near the lows of this range.
VCYT is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 557 stocks in the same industry.
VCYT has an average volume of 1052560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, VCYT outperforms 59% of them, which is more or less in line with the market.
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 26.43, a Stop Loss order could be placed below this zone.
More info and screens
26.17
30.27
We found 1 important support area.
- A support zone ranging from 26.43 to 26.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.18 to 27.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.36 to 29.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 59.09 | NEUTRAL | VCYT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VCYT is below 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) | DOWN | NEGATIVE | The current price of VCYT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.94 | NEUTRAL | The RSI value for VCYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VCYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.76 | NEUTRAL | The Stochastics value for VCYT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for VCYT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for VCYT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.44
-0.25 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.94%
1 Week-3.71%
2 Weeks-0.64%
1 Month-7.2%
3 Month-16.09%
6 Month-38.82%
12 Month26.08%
2 Year3.81%
3 Year32.86%
5 Year2.08%
10 Year137.34%
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%3.75%
ATR Inc14.51%
Range Today0.81
ADR(20)0.96
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.09
Mansfield-2.3
10 Day High28.43
10 Day Low26.05
20 Day High29.48
20 Day Low26.05
52 Week High47.32
52 Week Low19.73
CS1 End26.43
CR1 Start27.18
Volume & EV
DER(3)-1.02%
DER(5)0.35%
Volume953.50K
Volume Incr-12.32%
Vol(5)906.16K
Vol(50)1.05M