VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VEEV - US9224751084 - Common Stock
Overall VEEV gets a technical rating of 0 out of 10. VEEV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 81% of all other stocks performed better in the past year than VEEV.
- VEEV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month VEEV has a been trading in the 215.55 - 245.49 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- VEEV is part of the Health Care Technology industry. There are 34 other stocks in this industry. VEEV outperforms 78% of them.
- VEEV has an average volume of 1711620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, VEEV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 221.13, a Stop Loss order could be placed below this zone.
More info and screens
207.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 219.48 to 221.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 213.68 to 215.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @210.08 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 224.51 to 226.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 238.05 to 242.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @284.36 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 | DOWN | NEGATIVE | The long term trend for VEEV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VEEV is down. |
| ChartMill Relative Strength | 19.8 | NEGATIVE | VEEV has a low relative strength, it was outperformed by 80.2% 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) | DOWN | NEGATIVE | The current price of VEEV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VEEV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.27 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests VEEV has a positive trend. |
| Stochastics (14,3) | 22.67 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 28.05 | POSITIVE | The high ADX value value for VEEV suggests a strong trend. |
222
-3.28 (-1.46%)
VEEVA SYSTEMS INC-CLASS A / VEEV FAQ
What is the technical rating for VEEV stock?
ChartMill assigns a technical rating of 0 / 10 to VEEV.
What is the trend direction for VEEV stock?
The current trend direction for VEEVA SYSTEMS INC-CLASS A (VEEV) is Bearish.
What is the RSI signal for VEEVA SYSTEMS INC-CLASS A (VEEV) stock?
VEEVA SYSTEMS INC-CLASS A (VEEV) has an RSI value of 43.2676. This indicates that the stock is currently neutral.
What is the short term momentum for VEEV stock?
The short term momentum for VEEVA SYSTEMS INC-CLASS A (VEEV) is negative.
What are the support and resistance levels for VEEVA SYSTEMS INC-CLASS A (VEEV) stock?
VEEVA SYSTEMS INC-CLASS A (VEEV) has a support level at 221.13 and a resistance level at 224.51. Check the full technical report for our detailed analysis of VEEV support and resistance levels.