VEEVA SYSTEMS INC-CLASS A (VEEV) Technical Analysis
NYSE:VEEV • US9224751084
Current stock price
VEEV Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to VEEV. 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.
- 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. The S&P500 Index however is trading in the upper part of its 52 week range, so VEEV is lagging the market.
- VEEV is one of the better performing stocks in the Health Care Technology industry, it outperforms 76% of 35 stocks in the same industry.
- In the last month VEEV has a been trading in the 171.71 - 205.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- VEEV has an average volume of 2271150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VEEV Weekly and Daily overview Charts
VEEV Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 195.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 183.00, a Stop Loss order could be placed below this zone.
More info and screens
VEEV Support and Resistance Analysis
170.26
We found 2 important support areas.
- A support zone ranging from 181.28 to 183.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 171.98 to 174.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 195.50 to 196.45. 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.
VEEV Technical Indicator Signal Analysis
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 | 17.48 | NEGATIVE | VEEV has a low relative strength, it was outperformed by 82.52% 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) | DOWN | NEGATIVE | The current price of VEEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.36 | NEUTRAL | The RSI value for VEEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests VEEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.15 | NEUTRAL | The Stochastics value for VEEV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for VEEV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for VEEV suggests a weak or negative trend. |
VEEV Chart- and CandleStick Pattern Analysis
VEEV Technicals: Chart, Performance Metrics, Trend & Indicators
184.07
-1.52 (-0.82%)
VEEVA SYSTEMS INC-CLASS A / VEEV TA 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 45.3592. 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 183 and a resistance level at 195.5. Check the full technical report for our detailed analysis of VEEV support and resistance levels.