After completing its last trading session, Veeva Systems Inc. (NYSE:VEEV) spiked up by 2.1% – here is what that looked like (as of 2019-12-04):
What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.118, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.035, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 3.838, an Accumulation/Distribution Index (ADI) of 3.838, an On-Balance Volume (OBV) of 8534.518, and a Chaiikin Money Flow (CMF) of 144.34. 1.18
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
So there you have it – our analysis of Veeva Systems Inc. (NYSE:VEEV). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.