VERTEX PHARMACEUTICALS INC (VRTX) Stock Technical Analysis
NASDAQ:VRTX - Nasdaq - US92532F1003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to VRTX. Recently some decent action could be observed, but in the medium term time frame this is still negative. VRTX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, VRTX is a bad performer in the overall market: 79% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month VRTX has a been trading in the 439.23 - 484.56 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.
VRTX has an average volume of 1273670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VRTX is part of the Biotechnology industry. There are 556 other stocks in this industry, VRTX did better than 55% of them.
VRTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VRTX is lagging the market.
VRTX 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 support zone below the current price at 467.67, a Stop Loss order could be placed below this zone.
More info and screens
390.34
521.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 452.31 to 467.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 433.42 to 440.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 421.15 to 424.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @394.28 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 470.05 to 472.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @504.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 516.74 to 516.75. 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 | NEUTRAL | NEUTRAL | The long term trend for VRTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRTX is up. |
| ChartMill Relative Strength | 21.59 | NEGATIVE | VRTX has a low relative strength, it was outperformed by 78.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.12 | NEUTRAL | The RSI value for VRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests VRTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.05 | NEUTRAL | The Stochastics value for VRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for VRTX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for VRTX 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)
469.65
-2.62 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.55%
1 Week2.14%
2 Weeks0.17%
1 Month5.92%
3 Month-4.9%
6 Month6.83%
12 Month-5.17%
2 Year33.29%
3 Year67.49%
5 Year72.67%
10 Year247.89%
15 Year1295.28%
Volatility
ATR(14)9.58
ATR(20)%1.92%
ATR Inc-19.61%
Range Today6.87
ADR(20)8.82
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.59
Mansfield-0.8
10 Day High480
10 Day Low456.83
20 Day High484.56
20 Day Low439.23
52 Week High519.88
52 Week Low377.85
CS1 End467.67
CR1 Start470.05
Volume & EV
DER(3)1.94%
DER(5)2.4%
Volume1.18M
Volume Incr-21.12%
Vol(5)960.12K
Vol(50)1.27M