VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
NYSE:VEEV - US9224751084 - Common Stock
290.86 USD
+8.58 (+3.04%)
290.86 USD
0 (0%)
Overall VEEV gets a technical rating of 9 out of 10. Both in the recent history as in the last year, VEEV has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that VEEV is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by VEEV over the past year are nicely spread over this period.
VEEV is one of the better performing stocks in the Health Care Technology industry, it outperforms 85% of 36 stocks in the same industry.
VEEV 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 VEEV is lagging the market slightly.
VEEV has an average volume of 1213090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month VEEV has a been trading in the 272.77 - 296.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, VEEV also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 290.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 289.94, a Stop Loss order could be placed below this zone.
More info and screens
207.79
295.53
When analyzing the support we can see 5 important areas.
- Support @289.94 from a horizontal line in the daily time frame.
- A support zone ranging from 274.97 to 282.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @231.60 from a trend line in the weekly time frame.
- Support @220.61 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.
We found 1 important resistance area.
- A resistance zone ranging from 290.87 to 292.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for VEEV is neutral. |
| ChartMill Relative Strength | 88.47 | POSITIVE | VEEV has a high relative strength, it outperformed 88.47% 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) | 60.28 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests VEEV has a positive trend. |
| Stochastics (14,3) | 80.59 | OVERBOUGHT | The high Stochastics value suggests VEEV may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.42 | NEGATIVE | The low ADX value for VEEV 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 |
|---|---|---|---|
| 292.61 | 289.93 | 2.68 (0.92%) | 25.00% |
| An entry @292.61. This is a Buy Stop order right above the resistance zone. | An exit @289.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.68 points, which is 0.92%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
290.86
+8.58 (+3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg3.04%
1 Week3.65%
2 Weeks3.09%
1 Month0.15%
3 Month24.83%
6 Month28.82%
12 Month45.98%
2 Year39.37%
3 Year45.93%
5 Year3.04%
10 Year1023.01%
15 YearN/A
Volatility
ATR(14)6.54
ATR(20)%2.29%
ATR Inc11.87%
Range Today10.29
ADR(20)6.48
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.47
Mansfield1.11
10 Day High291.26
10 Day Low273
20 Day High296.72
20 Day Low272.77
52 Week High296.72
52 Week Low197.01
CS1 End289.94
CR1 Start290.87
Volume & EV
DER(3)-1.76%
DER(5)-1.44%
Volume961.40K
Volume Incr-9.61%
Vol(5)1.05M
Vol(50)1.21M