VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
NYSE:VEEV - New York Stock Exchange, Inc. - US9224751084 - Common Stock - Currency: USD
Taking everything into account, VEEV scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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. On top of that, VEEV also shows a nice and consistent pattern of rising prices.
VEEV is one of the better performing stocks in the Health Care Technology industry, it outperforms 74% 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 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 1513210 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. There is a support zone below the current price at 275.88, a Stop Loss order could be placed below this zone.
More info and screens
206.74
292.85
When analyzing the support we can see 6 important areas.
- A support zone ranging from 275.88 to 275.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 263.56 to 264.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @226.23 from a trend line in the weekly time frame.
- Support @218.53 from a trend line in the weekly time frame.
- A support zone ranging from 213.03 to 213.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @208.83 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 282.00 to 285.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 289.94 to 289.95. 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 | 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 | 88.6 | POSITIVE | VEEV has a high relative strength, it outperformed 88.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VEEV is below a declining 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) | 48.64 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.01 | NEGATIVE | The MACD value suggests VEEV has a negative trend. |
| Stochastics (14,3) | 42.63 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.32 | 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)
275.89
-5.75 (-2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-2.04%
1 Week-2.95%
2 Weeks-1.88%
1 Month-4.39%
3 Month26.56%
6 Month26.7%
12 Month46.81%
2 Year35.09%
3 Year23.4%
5 Year4.28%
10 Year924.85%
15 YearN/A
Volatility
ATR(14)6.09
ATR(20)%2.44%
ATR Inc34.57%
Range Today9.94
ADR(20)6.65
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.6
Mansfield1.22
10 Day High290.65
10 Day Low270.92
20 Day High291.69
20 Day Low270.92
52 Week High291.69
52 Week Low177.41
CS1 End275.88
CR1 Start282
Volume & EV
DER(3)-2%
DER(5)-2.17%
Volume1.66M
Volume Incr-6.92%
Vol(5)1.33M
Vol(50)1.51M