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 VEEV
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Red day on Thursday for Veeva Systems Inc stock after losing 0.728%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 12, 2024 Gain 11.02% PDF

The Veeva Systems Inc stock price fell by -0.728% on the last day (Thursday, 28th Mar 2024) from $233.39 to $231.69. During the last trading day the stock fluctuated 1.34% from a day low at $231.56 to a day high of $234.66. The price has risen in 6 of the last 10 days but is still down by -0.34% for this period. 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 -76 thousand shares and in total, 462 thousand shares were bought and sold for approximately $107.10 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.80% during the next 3 months and, with a 90% probability hold a price between $275.57 and $295.50 at the end of this 3-month period.

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VEEV Signals & Forecast

The Veeva Systems 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 $231.37 and $225.37. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 13, 2024, and so far it has fallen -1.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Veeva Systems Inc stock

Veeva Systems Inc finds support from accumulated volume at $222.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.10 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $222.20 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (VEEV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Veeva Systems Inc to open at $232.64, and during the day (based on 14 day Average True Range), to move between $227.29 and $236.09, which gives a possible trading interval of +/-$4.40 (+/-1.90%) up or down from last closing price. If Veeva Systems Inc takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $232.47 (0.34%) than the support at $222.01 (4.18%), 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 Veeva Systems 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 Veeva Systems Inc stock to perform well in the short-term.

Current score: 3.116 Buy Candidate Unchanged

Predicted Opening Price for Veeva Systems Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$232.64 ( 0.409%) $231.69

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

Trading levels for VEEV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 235.74 1.75 %
R2 234.55 1.24 %
R1 233.82 0.92 %
Current price: 231.69
Support S1 231.45 -0.103 %
S2 230.72 -0.418 %
S3 229.54 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 234.79 1.34 %
R2 232.68 0.427 %
R1 232.47 0.337 %
Current price 231.69
Support S1 222.01 -4.18%
S2 221.64 -4.34%
S3 208.69 -9.93%

FAQ

What is the symbol for Veeva Systems Inc Stock and on which exchange is it traded?
The symbol for Veeva Systems Inc is VEEV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Veeva Systems 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 Veeva Systems Inc stock to perform well in the short-term.

How to buy Veeva Systems Inc Stock?
Veeva Systems 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 Veeva Systems Inc Stock.

What's the current price of Veeva Systems Inc Stock?
As of the end of day on the 2024-03-28, the price of an Veeva Systems Inc (VEEV) share was $231.69.

What is the 52-week high and low for Veeva Systems Inc Stock?
The 52-week high for Veeva Systems Inc Stock is $236.90 and the 52-week low is $160.21.

What is the market capitalization of Veeva Systems Inc Stock?
As of the 2024-03-28, the market capitalization of Veeva Systems Inc is 37.376B.

When is the next earnings date for Veeva Systems Inc?
The upcoming earnings date for Veeva Systems Inc is May 29, 2024.
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About Veeva Systems Inc

Veeva Systems Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veev... VEEV Profile

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