RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VECO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Veeco Instruments Inc. stock price ended on $35.43 on Tuesday after losing 0.561%
(Updated on Feb 27, 2024)


Buy or Hold candidate since Jan 17, 2024 Gain 17.75% PDF
The Veeco Instruments Inc. stock price fell by -0.561% on the last day (Tuesday, 27th Feb 2024) from $35.63 to $35.43. During the last trading day the stock fluctuated 2.10% from a day low at $35.25 to a day high of $35.99. The price has risen in 6 of the last 10 days and is up by 2.1% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 291 thousand shares were bought and sold for approximately $10.29 million.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.15% during the next 3 months and, with a 90% probability hold a price between $38.81 and $44.02 at the end of this 3-month period.

VECO Signals & Forecast

The Veeco Instruments Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.89 and $32.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -0.561%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀

Support, Risk & Stop-loss for Veeco Instruments Inc. stock

Veeco Instruments Inc. finds support from accumulated volume at $34.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.740 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.01%.

Our recommended stop-loss: $34.09 (-3.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (VECO) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect Veeco Instruments Inc. to open at $35.56, and during the day (based on 14 day Average True Range), to move between $34.26 and $36.60, which gives a possible trading interval of +/-$1.17 (+/-3.30%) up or down from last closing price. If Veeco Instruments Inc. takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $35.47 (0.11%) than the support at $34.17 (3.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Veeco Instruments Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Veeco Instruments Inc. stock to perform well in the short-term.

Current score: 4.213 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Veeco Instruments Inc. of Wednesday, February 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 28, 2024 Current price
$35.56 ( 0.358%) $35.43

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.30 2.45 %
R2 36.01 1.65 %
R1 35.84 1.16 %
Current price: 35.43
Support S1 35.27 -0.440 %
S2 35.10 -0.93 %
S3 34.82 -1.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 35.63 0.564 %
R1 35.47 0.113 %
Current price 35.43
Support S1 34.17 -3.56%
S2 28.35 -19.98%
S3 28.15 -20.55%
What is the symbol for Veeco Instruments Inc. Stock and on which exchange is it traded?
The symbol for Veeco Instruments Inc. is VECO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Veeco Instruments Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Veeco Instruments Inc. stock to perform well in the short-term.

How to buy Veeco Instruments Inc. Stock?
Veeco Instruments Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Veeco Instruments Inc. Stock.

What's the current price of Veeco Instruments Inc. Stock?
As of the end of day on the 2024-02-27, the price of an Veeco Instruments Inc. (VECO) share was $35.43.

What is the 52-week high and low for Veeco Instruments Inc. Stock?
The 52-week high for Veeco Instruments Inc. Stock is $36.35 and the 52-week low is $17.70.

What is the market capitalization of Veeco Instruments Inc. Stock?
As of the 2024-02-27, the market capitalization of Veeco Instruments Inc. is 1.997B.

When is the next earnings date for Veeco Instruments Inc.?
The upcoming earnings date for Veeco Instruments Inc. is May 13, 2024.

Click to get the best stock tips daily for free!

About Veeco Instruments Inc.

Veeco Instruments. Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as pac... VECO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT