VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
USA - NYSE:VEEV - US9224751084 - Common Stock
276.43 USD
-3.04 (-1.09%)
276.43 USD
0 (0%)
Taking everything into account, VEEV scores 5 out of 10 in our technical rating. In the last year, VEEV was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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.
VEEV is part of the Health Care Technology industry. There are 35 other stocks in this industry. VEEV outperforms 76% of them.
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 1316400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, VEEV outperforms 67% of them, which is more or less in line with the market.
In the last month VEEV has a been trading in the 262.85 - 296.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VEEV has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 276.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 275.38, a Stop Loss order could be placed below this zone.
More info and screens
208.15
296.54
We found 5 important support areas.
- A support zone ranging from 274.91 to 275.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 269.19 to 269.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @234.29 from a trend line in the weekly time frame.
- Support @221.65 from a trend line in the weekly time frame.
- A support zone ranging from 210.25 to 213.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 276.60 to 281.31. 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 289.94 to 293.60. 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 | 67.24 | NEUTRAL | VEEV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VEEV is below the rising 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 | POSITIVE | The current price of VEEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.7 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests VEEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.16 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.04 | 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)
276.43
-3.04 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.09%
1 Week1.28%
2 Weeks1.51%
1 Month0.53%
3 Month-2.17%
6 Month18.1%
12 Month26.83%
2 Year35.87%
3 Year67.66%
5 Year-1.69%
10 Year1080.82%
15 YearN/A
Volatility
ATR(14)8.3
ATR(20)%2.8%
ATR Inc-11.11%
Range Today7.16
ADR(20)7.1
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.24
Mansfield0.32
10 Day High283.29
10 Day Low262.85
20 Day High296.02
20 Day Low262.85
52 Week High296.72
52 Week Low200.3
CS1 End275.38
CR1 Start276.6
Volume & EV
DER(3)-3.64%
DER(5)-1.34%
Volume935.70K
Volume Incr3.49%
Vol(5)1.44M
Vol(50)1.32M