VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
NYSE:VEEV - New York Stock Exchange, Inc. - US9224751084 - Common Stock - Currency: USD
Overall VEEV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VEEV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, VEEV did better than 91% of all other stocks. We also observe that the gains produced by VEEV over the past year are nicely spread over this period.
VEEV is part of the Health Care Technology industry. There are 36 other stocks in this industry. VEEV outperforms 77% of them.
VEEV is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VEEV is leading the market.
VEEV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
VEEV has an average volume of 1501990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, VEEV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 281.42, a Stop Loss order could be placed below this zone.
More info and screens
203.08
292.85
We found 5 important support areas.
- A support zone ranging from 281.42 to 281.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 245.95 to 249.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @223.54 from a trend line in the weekly time frame.
- A support zone ranging from 209.89 to 213.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @205.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @289.95 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 VEEV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEEV is up. |
| ChartMill Relative Strength | 91.63 | POSITIVE | VEEV has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEEV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VEEV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VEEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.07 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests VEEV has a negative trend. |
| Stochastics (14,3) | 65.35 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 32.6 | POSITIVE | The high ADX value value for VEEV suggests a strong 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 |
|---|---|---|---|
| 289.96 | 281.41 | 8.55 (2.95%) | 25.00% |
| An entry @289.96. This is a Buy Stop order right above the resistance zone. | An exit @281.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.55 points, which is 2.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of VEEV. 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.
281.43
-0.46 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-0.16%
1 Week-2.47%
2 Weeks-0.75%
1 Month16.88%
3 Month18.86%
6 Month25.55%
12 Month52.22%
2 Year42.33%
3 Year42.11%
5 Year20.05%
10 Year904.03%
15 YearN/A
Volatility
ATR(14)7.46
ATR(20)%3.24%
ATR Inc-46.93%
Range Today3.77
ADR(20)7.43
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.63
Mansfield2.16
10 Day High291.69
10 Day Low276.8
20 Day High291.69
20 Day Low232.15
52 Week High291.69
52 Week Low177.41
CS1 End281.42
CR1 Start289.95
Volume & EV
DER(3)-1.76%
DER(5)-0.11%
Volume1.20M
Volume Incr-30.37%
Vol(5)1.32M
Vol(50)1.50M