VERTEX PHARMACEUTICALS INC (VRTX) 312.26 -5.34 (-1.68%)
312.26 -5.34 (-1.68%)
US92532F1003 - Common Stock
Technical Rating
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.
Statistics
Support/Resistance Analysis
270.96
- 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.
- 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
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 321.50 | 312.00 | 9.50 (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.
VERTEX PHARMACEUTICALS INC312.26
NASDAQ:VRTX (12/6/2022, 10:41:06 AM)-5.34 (-1.68%)
| GICS Sector | Health Care | ||
| GICS Industry | Biotechnology | ||
| Today | -1.68% | 1 Week | 0.73% |
| 2 Weeks | 0.94% | 1 Month | 2.84% |
| 3 Month | 8.73% | 6 Month | 24.61% |
| ATR(14) | 6.82 | ATR(20)% | 2.64% |
| ATR Inc | -30.39% | Range Today | 5.38 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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