VEECO INSTRUMENTS INC (VECO) Stock Technical Analysis
NASDAQ:VECO - Nasdaq - US9224171002 - Common Stock - Currency: USD
Overall VECO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. VECO was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than VECO.
VECO is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 79% of 110 stocks in the same industry do better.
VECO 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 VECO is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month VECO has a been trading in the 18.31 - 21.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VECO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
17.18
22.12
We found 3 important support areas.
- A support zone ranging from 20.11 to 20.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.48 to 19.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.35 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 20.37 to 20.55. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @21.36 from a horizontal line in the daily time frame.
- Resistance @21.90 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 | DOWN | NEGATIVE | The long term trend for VECO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VECO is up. |
| ChartMill Relative Strength | 11.34 | NEGATIVE | VECO has a low relative strength, it was outperformed by 88.66% 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) | DOWN | MIXED | The current price of VECO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VECO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.11 | NEUTRAL | The RSI value for VECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VECO has a positive trend. |
| Stochastics (14,3) | 55.23 | NEUTRAL | The Stochastics value for VECO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for VECO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.77 | 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)
20.28
-0.12 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.59%
1 Week2.48%
2 Weeks3.1%
1 Month7.36%
3 Month-4.07%
6 Month-27.02%
12 Month-52.59%
2 Year-21.03%
3 Year4.54%
5 Year50.33%
10 Year-29.44%
15 Year-40.84%
Volatility
ATR(14)0.64
ATR(20)%3.95%
ATR Inc-26.46%
Range Today0.56
ADR(20)0.73
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.34
Mansfield-3.27
10 Day High20.7
10 Day Low18.85
20 Day High21.52
20 Day Low18.31
52 Week High49.25
52 Week Low16.92
CS1 End20.23
CR1 Start20.37
Volume & EV
DER(3)-2.8%
DER(5)-0.73%
Volume543.60K
Volume Incr-2.65%
Vol(5)683.70K
Vol(50)729.97K