VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
USA - NYSE:VEEV - US9224751084 - Common Stock
296.28 USD
-4.51 (-1.5%)
295 USD
-1.28 (-0.43%)
Overall VEEV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VEEV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VEEV is one of the better performing stocks in the market, outperforming 83% of all stocks.
VEEV is one of the better performing stocks in the Health Care Technology industry, it outperforms 76% of 35 stocks in the same industry.
A new 52 week high is currently being made by VEEV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month VEEV has a been trading in the 272.20 - 302.00 range, which is quite wide. It is currently trading near the high of this range.
VEEV has an average volume of 1325510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although VEEV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
234.61
303.81
We found 4 important support areas.
- A support zone ranging from 280.44 to 288.93. 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 269.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @236.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 296.29 to 300.80. 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 | UP | POSITIVE | The short term trend for VEEV is up. |
| ChartMill Relative Strength | 83.23 | POSITIVE | VEEV has a high relative strength, it outperformed 83.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEEV is above the rising 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) | 61.07 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.31 | POSITIVE | The MACD value suggests VEEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.46 | OVERBOUGHT | The high Stochastics value suggests VEEV may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.7 | 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)
296.28
-4.51 (-1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.5%
1 Week2.07%
2 Weeks6.66%
1 Month8.56%
3 Month4.22%
6 Month38.66%
12 Month44.76%
2 Year53.74%
3 Year76.42%
5 Year9.71%
10 Year1067.84%
15 YearN/A
Volatility
ATR(14)7.29
ATR(20)%2.5%
ATR Inc49.61%
Range Today7.82
ADR(20)7.19
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.23
Mansfield0.77
10 Day High302
10 Day Low272.26
20 Day High302
20 Day Low272.2
52 Week High302
52 Week Low200.3
CS1 End288.93
CR1 Start296.29
Volume & EV
DER(3)5.06%
DER(5)2.93%
Volume1.85M
Volume Incr11.09%
Vol(5)1.48M
Vol(50)1.33M