VEECO INSTRUMENTS INC (VECO) Stock Technical Analysis
NASDAQ:VECO • US9224171002
Taking everything into account, VECO scores 3 out of 10 in our technical rating. Although VECO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, VECO did better than 79% of all other stocks.
- VECO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VECO is lagging the market slightly.
- In the last month VECO has a been trading in the 27.30 - 34.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- VECO is part of the Semiconductors & Semiconductor Equipment industry. There are 114 other stocks in this industry, VECO did better than 43% of them.
- Volume is considerably higher in the last couple of days.
VECO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VECO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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24.62
3 important support areas can be observed.
- A support zone ranging from 28.46 to 28.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.40 from a horizontal line in the weekly time frame.
- Support @24.87 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.60 to 31.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.62 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.16 to 34.36. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for VECO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VECO is neutral. |
| ChartMill Relative Strength | 79 | POSITIVE | VECO has a high relative strength, it outperformed 79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VECO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VECO is below a declining 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) | 49.22 | NEUTRAL | The RSI value for VECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests VECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.73 | NEUTRAL | The Stochastics value for VECO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for VECO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for VECO suggests a weak or negative trend. |
30.56
-0.11 (-0.36%)
VEECO INSTRUMENTS INC / VECO FAQ
Can you provide the ChartMill technical rating for VEECO INSTRUMENTS INC?
ChartMill assigns a technical rating of 3 / 10 to VECO.
Can you provide the trend direction for VEECO INSTRUMENTS INC?
The current trend direction for VEECO INSTRUMENTS INC (VECO) is Bearish.
What is the RSI signal for VECO stock?
VEECO INSTRUMENTS INC (VECO) has an RSI value of 49.2221. This indicates that the stock is currently neutral.
What is the MACD signal for VECO stock?
The MACD indicator for VEECO INSTRUMENTS INC (VECO) has a value of -0.113, indicating a bearish trend.
What is the support and resistance level for VECO stock?
VEECO INSTRUMENTS INC (VECO) has a support level at 28.58 and a resistance level at 30.6. Check the full technical report for our detailed analysis of VECO support and resistance levels.