Veeco Instruments Technical Analysis (NASDAQ:VECO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Veeco Instruments stock price data and volume are plotted in VECO stock charts and these trading charts form the basis of technical analysis.
See Veeco Instruments bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Veeco Instruments stock analysis that does not care for the fair value of a company but uses price and volume data only.
Veeco Instruments Moving Average
Moving averages help predict the price direction of VECO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Veeco Instruments are mostly signals of long term trends and will help long term traders.
Veeco Instruments Bollinger Bands
Bollinger bands comprise of a center line usually VECO SMA, and two VECO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Veeco Instruments bollinger bands.
Veeco Instruments Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Veeco Instruments MACD indicator can be used to identify bullish and bearish trends for the stock.
Veeco Instruments Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 29.47 is the RSI value of VECO stock.