Technical Analysis for VECO - Veeco Instruments Inc.

Grade Last Price % Change Price Change
F 26.52 1.41% 0.37
VECO closed up 0.62 percent on Wednesday, November 20, 2024, on approximately normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Bullish Engulfing Bullish 1.41%
Hammer Candlestick Bullish 1.41%
Lower Bollinger Band Walk Weakness 1.41%
New 52 Week Low Weakness 1.41%
Outside Day Range Expansion 1.41%
Lower Bollinger Band Touch Weakness 1.41%
Oversold Stochastic Weakness 1.41%
New 52 Week Closing Low Bearish 2.04%
New Downtrend Bearish 2.04%
NR7 Range Contraction 2.04%

   Recent Intraday Alerts

Alert Time
Hammer Candlestick Entry about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Up 1% about 3 hours ago
60 Minute Opening Range Breakdown about 24 hours ago
Fell Below Previous Day's Low 1 day 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 Light Emitting Diodes Diamond 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 49.25
52 Week Low 25.52
Average Volume 660,359
200-Day Moving Average 36.26
50-Day Moving Average 30.40
20-Day Moving Average 28.32
10-Day Moving Average 27.33
Average True Range 0.92
RSI (14) 27.54
ADX 27.02
+DI 13.62
-DI 37.29
Chandelier Exit (Long, 3 ATRs) 28.23
Chandelier Exit (Short, 3 ATRs) 28.29
Upper Bollinger Bands 30.90
Lower Bollinger Band 25.73
Percent B (%b) 0.08
BandWidth 18.25
MACD Line -1.28
MACD Signal Line -1.10
MACD Histogram -0.1779
Fundamentals Value
Market Cap 1.47 Billion
Num Shares 56.3 Million
EPS 1.03
Price-to-Earnings (P/E) Ratio 25.39
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) 27.14
Resistance 3 (R3) 27.04 26.61 26.98
Resistance 2 (R2) 26.61 26.36 26.66 26.92
Resistance 1 (R1) 26.38 26.20 26.50 26.48 26.86
Pivot Point 25.95 25.95 26.01 26.00 25.95
Support 1 (S1) 25.72 25.70 25.84 25.82 25.44
Support 2 (S2) 25.29 25.54 25.34 25.38
Support 3 (S3) 25.06 25.29 25.33
Support 4 (S4) 25.16