Technical Analysis for VECO - Veeco Instruments Inc.

Grade Last Price % Change Price Change
B 40.77 0.16% 0.07
VECO closed up 4.55 percent on Wednesday, May 15, 2024, on 87 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.16%
New 52 Week High Strength 0.16%
Stochastic Reached Overbought Strength 0.16%
Multiple of Ten Bullish Other 0.16%
Above Upper BB Strength 0.16%
Gapped Up Strength 0.16%
Overbought Stochastic Strength 0.16%
Upper Bollinger Band Touch Strength 0.16%
Calm After Storm Range Contraction 8.10%
NR7 Range Contraction 8.10%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 3 hours ago
1.5x Volume Pace about 4 hours ago
Rose Above Previous Day's High about 4 hours ago
New 52 Week High about 4 hours ago
Fell Below Upper Bollinger Band about 4 hours ago

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Profile

Veeco Instruments Inc. Description

Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets various equipments to make light emitting diodes (LEDs) and hard-disk drives worldwide. The company's LED and Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components for the manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to research and development applications. Its Data Storage segment designs and manufactures various technologies, including ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing, and lapping systems to create thin film magnetic heads that read and write data on hard disk drives. The company was founded in 1945 and is headquartered in Plainview, New York.


Classification

Sector: Technology
Industry: Semiconductor Equipment & Materials
Keywords: Semiconductor Photovoltaics Diamond Light Emitting Diodes Diodes Wireless Devices Thin Film Hard Disk Drive Chemical Vapor Deposition Disk Drive Various Technologies Gallium Nitride Power Semiconductor Thin Film Deposition Vacuum Deposition

Is VECO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 40.73
52 Week Low 22.18
Average Volume 473,062
200-Day Moving Average 30.95
50-Day Moving Average 35.58
20-Day Moving Average 36.08
10-Day Moving Average 37.98
Average True Range 1.37
RSI (14) 68.94
ADX 24.56
+DI 38.45
-DI 11.41
Chandelier Exit (Long, 3 ATRs) 36.64
Chandelier Exit (Short, 3 ATRs) 36.27
Upper Bollinger Bands 40.57
Lower Bollinger Band 31.60
Percent B (%b) 1.01
BandWidth 24.84
MACD Line 1.14
MACD Signal Line 0.71
MACD Histogram 0.4308
Fundamentals Value
Market Cap 2.29 Billion
Num Shares 56.3 Million
EPS 1.03
Price-to-Earnings (P/E) Ratio 39.51
Price-to-Sales 2.98
Price-to-Book 2.98
PEG Ratio 0.53
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.86
Resistance 3 (R3) 42.63 41.68 42.50
Resistance 2 (R2) 41.68 41.13 41.80 42.38
Resistance 1 (R1) 41.19 40.79 41.44 41.42 42.26
Pivot Point 40.24 40.24 40.36 40.36 40.24
Support 1 (S1) 39.75 39.69 40.00 39.98 39.14
Support 2 (S2) 38.80 39.35 38.92 39.02
Support 3 (S3) 38.31 38.80 38.90
Support 4 (S4) 38.54