VERTEX PHARMACEUTICALS INC (VRTX)       312.26  -5.34 (-1.68%)

312.26  -5.34 (-1.68%)

US92532F1003 - Common Stock

Technical Rating

10

Taking everything into account, VRTX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VRTX is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, VRTX did better than 96% of all other stocks. On top of that, VRTX also shows a nice and consistent pattern of rising prices.
VRTX is part of the Biotechnology industry. There are 635 other stocks in this industry. VRTX outperforms 92% of them.
VRTX is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
VRTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
VRTX has an average volume of 1516890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 2.84% 8.73% 24.61% 52.65% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.63 205.14 - 323.61
VRTX Weekly chart
VRTX Daily chart

Support/Resistance Analysis


270.96

324.70
3 important support areas can be observed.
  • A support zone ranging from 302.75 to 305.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @290.93 from a horizontal line in the daily time frame.
  • A support zone ranging from 273.70 to 281.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 317.46 to 321.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

VRTX has an excellent technical rating and also presents a decent setup pattern. 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 321.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 305.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
321.50312.009.50 (2.95%)25.00%
An entry @321.50. This is a Buy Stop order right above the resistance zone.An exit @312.00. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 9.50 points, which is 2.95%.For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
VRTX Daily chart

VERTEX PHARMACEUTICALS INC312.26

NASDAQ:VRTX (12/6/2022, 10:41:06 AM)-5.34 (-1.68%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -1.68% 1 Week 0.73%
2 Weeks 0.94% 1 Month 2.84%
3 Month 8.73% 6 Month 24.61%
Volatility
ATR(14) 6.82 ATR(20)% 2.64%
ATR Inc -30.39% Range Today 5.38
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.63 Mansfield 1.97
10 Day High 323.61 10 Day Low 312.01
20 Day High 323.61 20 Day Low 288.83
52 Week High 323.61 52 Week Low 205.14
CS1 End 305.81 CR1 Start 321.38
Volume & EV
DER(3) 0.09% DER(5) -0.14%
Volume 212.15K Volume Incr 75.2%
Vol(5) 2.29M Vol(50) 1.52M

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