VEECO INSTRUMENTS INC (VECO) Technical Analysis
NASDAQ:VECO • US9224171002
Current stock price
VECO Technical Rating and Analysis
Overall VECO gets a technical rating of 5 out of 10. In the last year, VECO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- VECO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VECO is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that VECO is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- VECO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, VECO did better than 50% of them.
- In the last month VECO has a been trading in the 28.06 - 33.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VECO Weekly and Daily overview Charts
VECO Setup Rating and Analysis
Although the technical rating is only medium, VECO does present a nice setup opportunity. Prices have been consolidating lately. 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.
More info and screens
VECO Support and Resistance Analysis
27.13
When analyzing the support we can see 4 important areas.
- Support @30.54 from a trend line in the weekly time frame.
- A support zone ranging from 29.07 to 29.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.46 from a horizontal line in the daily time frame.
- Support @27.40 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 30.73 to 31.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.77 from a trend line in the weekly time frame.
- 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.
VECO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for VECO is neutral. |
| ChartMill Relative Strength | 86.48 | POSITIVE | VECO has a high relative strength, it outperformed 86.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VECO is below the rising 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) | 47.44 | NEUTRAL | The RSI value for VECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests VECO has a negative trend. |
| Stochastics (14,3) | 38.53 | NEUTRAL | The Stochastics value for VECO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for VECO suggests high volalility. |
| Average Directional Index/ADX (14) | 10.46 | NEGATIVE | The low ADX value for VECO suggests a weak or negative trend. |
VECO Chart- and CandleStick Pattern Analysis
VECO Technicals: Chart, Performance Metrics, Trend & Indicators
30.65
-0.76 (-2.42%)
VEECO INSTRUMENTS INC / VECO TA FAQ
Can you provide the ChartMill technical rating for VEECO INSTRUMENTS INC?
ChartMill assigns a technical rating of 5 / 10 to VECO.
Can you provide the trend direction for VEECO INSTRUMENTS INC?
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 47.4423. 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 -0.0218333, indicating a bearish trend.
What is the support and resistance level for VECO stock?
VEECO INSTRUMENTS INC (VECO) has a support level at 30.54 and a resistance level at 30.73. Check the full technical report for our detailed analysis of VECO support and resistance levels.