VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
USA - NYSE:VEEV - US9224751084 - Common Stock
We assign a technical rating of 7 out of 10 to VEEV. 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.
Besides having an excellent technical rating, VEEV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 291.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
222.18
When analyzing the support we can see 5 important areas.
- A support zone ranging from 283.73 to 291.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @275.89 from a horizontal line in the daily time frame.
- 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 @241.46 from a trend line in the weekly time frame.
- Support @224.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @296.29 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for VEEV is up. |
| ChartMill Relative Strength | 79.67 | POSITIVE | VEEV has a high relative strength, it outperformed 79.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VEEV is above 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) | 56.08 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests VEEV has a positive trend. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| 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) | 10.34 | NEGATIVE | The low ADX value for VEEV suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 296.30 | 283.72 | 12.58 (4.25%) | 23.55% |
| An entry @296.30. This is a Buy Stop order right above the resistance zone. | An exit @283.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.58 points, which is 4.25%. | For a 1.00% total portfolio risk, you can invest 23.55% of your capital in this trade. |
- 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.
295.26
+1.77 (+0.6%)
VEEVA SYSTEMS INC-CLASS A / VEEV FAQ
What is the technical rating for VEEV stock?
ChartMill assigns a technical rating of 7 / 10 to VEEV.
Can you provide the trend direction for VEEVA SYSTEMS INC-CLASS A?
The current trend direction for VEEVA SYSTEMS INC-CLASS A (VEEV) is Bullish.
What is the RSI signal for VEEVA SYSTEMS INC-CLASS A (VEEV) stock?
VEEVA SYSTEMS INC-CLASS A (VEEV) has an RSI value of 56.084. 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 positive.
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 291.59 and a resistance level at 296.29. Check the full technical report for our detailed analysis of VEEV support and resistance levels.