VEEVA SYSTEMS INC-CLASS A (VEEV)

US9224751084 - Common Stock

224.15  +4.48 (+2.04%)

After market: 224.15 0 (0%)

Technical Rating and Analysis

6

Overall VEEV gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VEEV is only an average performer.

In the last month VEEV has a been trading in the 212.88 - 258.93 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
VEEV is part of the Health Care Technology industry. There are 37 other stocks in this industry. VEEV outperforms 75% of them.
VEEV has an average volume of 1155030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that VEEV is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
VEEV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VEEV is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
VEEV Weekly chart
VEEV Daily chart
Setup Rating and Analysis

7

Although the technical rating is only medium, VEEV does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 223.26, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

162.98

226.39

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 221.91 to 223.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @218.22 from a trend line in the daily time frame.
  • A support zone ranging from 201.80 to 205.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @183.42 from a trend line in the weekly time frame.
  • Support @164.63 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
CRS73.9
Mansfield-0.18
10 Day High251.19
10 Day Low218.11
20 Day High258.93
20 Day Low212.88
52 Week High258.93
52 Week Low170.25
Performance
1 Week-2.02%
2 Weeks-10.5%
1 Month4.48%
3 Month4.31%
6 Month21.24%
12 Month17.45%
2 Year38.9%
3 Year-12.26%
5 Year59.36%
10 Year748.73%
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)-2.14
RSI(14)47.57
LBB213.46
UBB250.84
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
230.39221.908.48 (3.68%)25.00%
An entry @230.38. This is a Buy Stop order right above the 10 day moving average.An exit @221.90. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 8.48 points, which is 3.68%.For a 0.92% 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 VEEV. 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.
VEEV Daily chart

VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (12/20/2024, 8:04:00 PM)

After market: 224.15 0 (0%)

224.15

+4.48 (+2.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg2.04%
1 Week-2.02%
2 Weeks-10.5%
1 Month4.48%
3 Month4.31%
6 Month21.24%
12 Month17.45%
2 Year38.9%
3 Year-12.26%
5 Year59.36%
10 Year748.73%
15 YearN/A
Volatility
ATR(14)9.18
ATR(20)%3.57%
ATR Inc1.5%
Range Today8.66
ADR(20)6.9
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.9
Mansfield-0.18
10 Day High251.19
10 Day Low218.11
20 Day High258.93
20 Day Low212.88
52 Week High258.93
52 Week Low170.25
CS1 End223.26
CR1 StartN/A
Volume & EV
DER(3)-2.36%
DER(5)-0.23%
Volume2.37M
Volume Incr13.38%
Vol(5)1.61M
Vol(50)1.16M