VERTEX PHARMACEUTICALS INC (VRTX) Stock Technical Analysis
USA - NASDAQ:VRTX - US92532F1003 - Common Stock
Overall VRTX gets a technical rating of 6 out of 10. VRTX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
VRTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 434.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 431.27, a Stop Loss order could be placed below this zone.
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362.87
5 important support areas can be observed.
- Support @431.27 from a trend line in the daily time frame.
- A support zone ranging from 405.23 to 423.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 383.11 to 387.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @376.61 from a horizontal line in the daily time frame.
- Support @366.54 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 434.53 to 434.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 474.50 to 481.50. 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 | 52.19 | NEUTRAL | VRTX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of VRTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.89 | NEUTRAL | The RSI value for VRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests VRTX has a positive trend. |
| Stochastics (14,3) | 88.36 | OVERBOUGHT | The high Stochastics value suggests VRTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for VRTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for VRTX suggests a possible start of a new 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 |
|---|---|---|---|
| 434.54 | 431.26 | 3.28 (0.75%) | 25.00% |
| An entry @434.54. This is a Buy Stop order right above the resistance zone. | An exit @431.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.28 points, which is 0.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- The distance between exit and entry is rather small compared to the average daily movement of VRTX. Please evaluate whether better entry and exit points can be found.
- 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.
434.52
+0.33 (+0.08%)
VERTEX PHARMACEUTICALS INC / VRTX FAQ
What is the technical rating for VRTX stock?
ChartMill assigns a technical rating of 6 / 10 to VRTX.
Can you provide the trend direction for VERTEX PHARMACEUTICALS INC?
The current trend direction for VERTEX PHARMACEUTICALS INC (VRTX) is Bearish.
What is the RSI signal for VRTX stock?
VERTEX PHARMACEUTICALS INC (VRTX) has an RSI value of 63.8917. This indicates that the stock is currently neutral.
What is the MACD signal for VERTEX PHARMACEUTICALS INC (VRTX) stock?
The MACD indicator for VERTEX PHARMACEUTICALS INC (VRTX) has a value of 0.661214, indicating a bearish trend.