VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VEEV - US9224751084 - Common Stock
Taking everything into account, VEEV scores 1 out of 10 in our technical rating. VEEV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, VEEV is a bad performer in the overall market: 83% of all stocks are doing better.
- 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.
- VEEV is one of the better performing stocks in the Health Care Technology industry, it outperforms 72% of 34 stocks in the same industry.
- VEEV has an average volume of 1719520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VEEV has a bad 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 support zone below the current price at 222.92, a Stop Loss order could be placed below this zone.
More info and screens
207.98
We found 3 important support areas.
- A support zone ranging from 219.48 to 222.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 224.82 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 236.55 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 | 17.9 | NEGATIVE | VEEV has a low relative strength, it was outperformed by 82.1% off all stocks 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 | MIXED | The current price of VEEV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.65 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests VEEV has a positive trend. |
| Stochastics (14,3) | 27.62 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for VEEV suggests a strong trend. |
224.18
+2.18 (+0.98%)
VEEVA SYSTEMS INC-CLASS A / VEEV FAQ
What is the technical rating for VEEV stock?
ChartMill assigns a technical rating of 1 / 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 45.6533. 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 222.92 and a resistance level at 224.82. Check the full technical report for our detailed analysis of VEEV support and resistance levels.