We assign a technical rating of 9 out of 10 to VCYT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VCYT is showing a nice and steady performance.
Although VCYT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 45.62 to 46.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.40 from a trend line in the daily time frame.
- A support zone ranging from 39.44 to 39.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.82 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for VCYT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VCYT is up. |
| ChartMill Relative Strength | 88.78 | POSITIVE | VCYT has a high relative strength, it outperformed 88.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VCYT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VCYT is above the rising 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) | 66.31 | NEUTRAL | The RSI value for VCYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests VCYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.02 | NEUTRAL | The Stochastics value for VCYT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for VCYT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.89 | POSITIVE | The high ADX value value for VCYT suggests a strong trend. |
47.75
+1.59 (+3.44%)
VERACYTE INC / VCYT FAQ
What is the technical rating for VCYT stock?
ChartMill assigns a technical rating of 9 / 10 to VCYT.
What is the trend direction for VCYT stock?
The current trend direction for VERACYTE INC (VCYT) is Bullish.
What is the RSI signal for VERACYTE INC (VCYT) stock?
VERACYTE INC (VCYT) has an RSI value of 66.3126. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VERACYTE INC?
The MACD indicator for VERACYTE INC (VCYT) has a value of 0.318366, indicating a bearish trend.
What is the short term momentum for VERACYTE INC (VCYT) stock?
The short term momentum for VERACYTE INC (VCYT) is positive.