We assign a technical rating of 9 out of 10 to VECO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VECO is showing a nice and steady performance.
Although VECO has an excellent technical rating, it does not offer a high quality setup 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
22.58
4 important support areas can be observed.
- A support zone ranging from 28.70 to 29.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.32 to 27.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.25 from a trend line in the weekly time frame.
- Support @22.81 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @32.15 from a horizontal 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 VECO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VECO is up. |
| ChartMill Relative Strength | 85.49 | POSITIVE | VECO has a high relative strength, it outperformed 85.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VECO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VECO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VECO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.33 | NEUTRAL | The RSI value for VECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests VECO has a positive trend. |
| Stochastics (14,3) | 92.57 | OVERBOUGHT | The high Stochastics value suggests VECO may be overbought. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for VECO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.41 | NEGATIVE | The low ADX value for VECO suggests a weak or negative trend. |
32.14
+0.09 (+0.28%)
VEECO INSTRUMENTS INC / VECO FAQ
Can you provide the ChartMill technical rating for VEECO INSTRUMENTS INC?
ChartMill assigns a technical rating of 9 / 10 to VECO.
What is the trend direction for VECO stock?
The current trend direction for VEECO INSTRUMENTS INC (VECO) is Bullish.
What is the RSI signal for VECO stock?
VEECO INSTRUMENTS INC (VECO) has an RSI value of 67.3267. This indicates that the stock is currently neutral.
What is the MACD signal for VEECO INSTRUMENTS INC (VECO) stock?
The MACD indicator for VEECO INSTRUMENTS INC (VECO) has a value of 0.425246, indicating a bearish trend.
What are the support and resistance levels for VEECO INSTRUMENTS INC (VECO) stock?
VEECO INSTRUMENTS INC (VECO) has a support level at 29.56 and a resistance level at 32.15. Check the full technical report for our detailed analysis of VECO support and resistance levels.