VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
NYSE:VEEV • US9224751084
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.
- 87% 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.
- VEEV is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- VEEV is part of the Health Care Technology industry. There are 35 other stocks in this industry. VEEV outperforms 73% of them.
- VEEV has an average volume of 2003420 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.
More info and screens
170.26
When analyzing the support we notice one important area.
- A support zone ranging from 171.98 to 174.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 180.32 to 182.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @198.08 from a trend line in the daily time frame.
- Resistance @242.28 from a horizontal line in the daily time frame.
- 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 | 13.49 | NEGATIVE | VEEV has a low relative strength, it was outperformed by 86.51% 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) | DOWN | NEGATIVE | The current price of VEEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.76 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests VEEV has a positive trend. |
| Stochastics (14,3) | 31.61 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 43.88 | POSITIVE | The high ADX value value for VEEV suggests a strong trend. |
180.31
-2.26 (-1.24%)
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 32.7647. 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 174.1 and a resistance level at 180.32. Check the full technical report for our detailed analysis of VEEV support and resistance levels.