Veeva Systems Technical Analysis (NYSE:VEEV)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Veeva Systems stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the VEEV stock chart which creates a trading signal.
See Veeva Systems bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Veeva Systems stock analysis.
Veeva Systems Moving Average
Moving averages show the VEEV stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Veeva Systems are mostly signals of long term trends and will help long term traders.
Veeva Systems Bollinger Bands
Bollinger bands comprise of a center line usually VEEV SMA, and two VEEV 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 upper band in the context of Veeva Systems bollinger bands.
Veeva Systems Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Veeva Systems MACD line is below the signal line.
Veeva Systems Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 80.18 is the RSI value of VEEV stock.