VEECO INSTRUMENTS INC (VECO) Stock Technical Analysis
USA - NASDAQ:VECO - US9224171002 - Common Stock
26.11 USD
+0.77 (+3.04%)
26.11 USD
0 (0%)
We assign a technical rating of 8 out of 10 to VECO. Although VECO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month VECO has a been trading in the 23.31 - 26.53 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, VECO outperforms 56% of them, which is more or less in line with the market.
VECO is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 47% of 112 stocks in the same industry.
VECO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VECO is lagging the market.
VECO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
19.51
26.37
We found 6 important support areas.
- Support @25.99 from a horizontal line in the daily time frame.
- A support zone ranging from 24.51 to 25.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.50 to 23.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.47 from a trend line in the weekly time frame.
- Support @20.89 from a trend line in the daily time frame.
- Support @19.71 from a horizontal 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 | 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 | 56.34 | NEUTRAL | VECO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of VECO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.04 | NEUTRAL | The RSI value for VECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests VECO has a positive trend. |
| Stochastics (14,3) | 83.7 | OVERBOUGHT | The high Stochastics value suggests VECO may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for VECO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for VECO suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.54 | 25.98 | 0.56 (2.11%) | 25.00% |
| An entry @26.54. This is a Buy Stop order right above the 10 day high. | An exit @25.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of VECO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.11
+0.77 (+3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.04%
1 Week5.28%
2 Weeks6.48%
1 Month9.61%
3 Month32.47%
6 Month23.39%
12 Month-17.37%
2 Year-7.11%
3 Year42.52%
5 Year123.74%
10 Year27.3%
15 Year-25.12%
Volatility
ATR(14)0.81
ATR(20)%3.06%
ATR Inc1.04%
Range Today1.18
ADR(20)0.77
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.34
Mansfield-0.25
10 Day High26.53
10 Day Low23.31
20 Day High26.53
20 Day Low23.31
52 Week High34.34
52 Week Low16.92
CS1 End25.99
CR1 StartN/A
Volume & EV
DER(3)0.89%
DER(5)1.41%
Volume1.16M
Volume Incr10.65%
Vol(5)976.73K
Vol(50)820.32K