VERACYTE INC (VCYT)

US92337F1075 - Common Stock

39.59  +0.65 (+1.67%)

After market: 39.59 0 (0%)

Technical Rating and Analysis

9

Overall VCYT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, VCYT has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
VCYT is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 565 stocks in the same industry.
VCYT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VCYT is lagging the market slightly.
In the last month VCYT has a been trading in the 33.13 - 41.43 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, VCYT did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Weekly and Daily overview Charts
VCYT Weekly chart
VCYT Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, VCYT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 36.95, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

19.52

39.99

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 36.80 to 36.95. 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 35.93 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 34.89 to 35.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @19.72 from a horizontal line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.68
Mansfield3.4
10 Day High39.98
10 Day Low35.37
20 Day High41.43
20 Day Low33.13
52 Week High41.43
52 Week Low18.61
Performance
1 Week10.16%
2 Weeks8.53%
1 Month19.86%
3 Month23.72%
6 Month90.34%
12 Month51.16%
2 Year42.72%
3 Year-4.56%
5 Year37.85%
10 Year507.21%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.17
RSI(14)63.29
LBB35.17
UBB40.49
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
39.9936.793.20 (8.00%)12.50%
An entry @39.99. This is a Buy Stop order right above the 10 day high.An exit @36.79. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.20 points, which is 8.00%.For a 1.00% total portfolio risk, you can invest 12.50% of your capital in this trade.

  • 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.
VCYT Daily chart

VERACYTE INC

NASDAQ:VCYT (11/22/2024, 4:48:38 PM)

After market: 39.59 0 (0%)

39.59

+0.65 (+1.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.67%
1 Week10.16%
2 Weeks8.53%
1 Month19.86%
3 Month23.72%
6 Month90.34%
12 Month51.16%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.03
ATR(20)%4.51%
ATR Inc
Range Today1.62
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.98
10 Day Low35.37
20 Day High41.43
20 Day Low33.13
52 Week High41.43
52 Week Low18.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume714.95K
Volume Incr-14.11%
Vol(5)722.84K
Vol(50)801.90K