VERTEX PHARMACEUTICALS INC (VRTX) Stock Technical Analysis
NASDAQ:VRTX - Nasdaq - US92532F1003 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to VRTX. VRTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
75% of all other stocks performed better in the past year than VRTX.
In the last month VRTX has a been trading in the 421.76 - 460.33 range, which is quite wide. It is currently trading near the high of this range.
VRTX has an average volume of 1791190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VRTX is an average performer in the Biotechnology industry, it outperforms 63% of 559 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.
Considerably lower volume is observed in the last couple of days.
VRTX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
390.34
521.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 444.44 to 448.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @426.16 from a trend line in the daily time frame.
- Support @419.08 from a trend line in the weekly time frame.
- A support zone ranging from 394.28 to 397.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 460.17 to 468.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for VRTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRTX is neutral. |
| ChartMill Relative Strength | 25.21 | NEGATIVE | VRTX has a low relative strength, it was outperformed by 74.79% 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) | DOWN | NEGATIVE | The current price of VRTX is below a declining 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) | 56.09 | NEUTRAL | The RSI value for VRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.28 | POSITIVE | The MACD value suggests VRTX has a positive trend. |
| Stochastics (14,3) | 86.86 | OVERBOUGHT | The high Stochastics value suggests VRTX may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for VRTX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for VRTX suggests a possible start of a new 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)
460.06
+7.62 (+1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.68%
1 Week3.66%
2 Weeks2.9%
1 Month9.24%
3 Month-8.86%
6 Month-0.79%
12 Month-4.3%
2 Year30.73%
3 Year63.26%
5 Year58.47%
10 Year272.58%
15 Year1298.36%
Volatility
ATR(14)9.09
ATR(20)%2%
ATR Inc-1.24%
Range Today8.12
ADR(20)9.01
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.21
Mansfield-0.68
10 Day High460.33
10 Day Low437.45
20 Day High460.33
20 Day Low421.76
52 Week High519.88
52 Week Low377.85
CS1 End448.6
CR1 Start460.17
Volume & EV
DER(3)1.83%
DER(5)1.41%
Volume1.07M
Volume Incr-37.89%
Vol(5)1.05M
Vol(50)1.79M