VERTEX PHARMACEUTICALS INC (VRTX) Stock Technical Analysis
NASDAQ:VRTX • US92532F1003
We assign a technical rating of 7 out of 10 to VRTX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VRTX is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month VRTX has a been trading in the 454.40 - 503.88 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 1458920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, VRTX outperforms 50% of them, which is more or less in line with the market.
- VRTX is an average performer in the Biotechnology industry, it outperforms 55% of 520 stocks in the same industry.
- 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 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 support zone below the current price at 473.02, 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.
More info and screens
434.52
We found 3 important support areas.
- A support zone ranging from 471.68 to 473.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 457.63 to 461.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 438.91 to 441.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @479.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 491.48 to 491.48. 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 | UP | POSITIVE | The long term trend for VRTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRTX is neutral. |
| ChartMill Relative Strength | 50.33 | 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 | MIXED | The current price of VRTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.61 | NEUTRAL | The RSI value for VRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests VRTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.9 | NEUTRAL | The Stochastics value for VRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for VRTX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for VRTX suggests a weak or negative 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 |
|---|---|---|---|
| 479.54 | 471.67 | 7.87 (1.64%) | 25.00% |
| An entry @479.54. This is a Buy Stop order right above the resistance zone. | An exit @471.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.87 points, which is 1.64%. | For a 0.41% 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.
476.9
+7.63 (+1.63%)
VERTEX PHARMACEUTICALS INC / VRTX FAQ
Can you provide the ChartMill technical rating for VERTEX PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 7 / 10 to VRTX.
What is the trend direction for VRTX stock?
The current trend direction for VERTEX PHARMACEUTICALS INC (VRTX) is Bullish.
Can you provide the RSI signal for VERTEX PHARMACEUTICALS INC?
VERTEX PHARMACEUTICALS INC (VRTX) has an RSI value of 54.6053. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VERTEX PHARMACEUTICALS INC?
The short term momentum for VERTEX PHARMACEUTICALS INC (VRTX) is neutral.
Can you provide the support and resistance levels for VERTEX PHARMACEUTICALS INC?
VERTEX PHARMACEUTICALS INC (VRTX) has a support level at 473.02 and a resistance level at 479.53. Check the full technical report for our detailed analysis of VRTX support and resistance levels.