Veeco Instruments Stock Technical Analysis

VECO Stock  USD 33.65  0.81  2.35%   
As of the 18th of April 2024, Veeco Instruments has the Semi Deviation of 2.05, coefficient of variation of 706.23, and Risk Adjusted Performance of 0.0965. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Veeco Instruments, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Veeco Instruments, which can be compared to its competition. Please validate Veeco Instruments downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Veeco Instruments is priced more or less accurately, providing market reflects its prevalent price of 33.65 per share. Given that Veeco Instruments has jensen alpha of 0.2479, we advise you to double-check Veeco Instruments's current market performance to make sure the company can sustain itself at a future point.

Veeco Instruments Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Veeco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Veeco
  
Veeco Instruments' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Veeco Instruments Analyst Consensus

Target PriceAdvice# of Analysts
32.57Strong Buy6Odds
Veeco Instruments current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Veeco analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Veeco stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Veeco Instruments, talking to its executives and customers, or listening to Veeco conference calls.
Veeco Analyst Advice Details
Veeco Instruments technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Veeco Instruments technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Veeco Instruments trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Veeco Instruments Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Veeco Instruments volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Veeco Instruments Trend Analysis

Use this graph to draw trend lines for Veeco Instruments. You can use it to identify possible trend reversals for Veeco Instruments as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Veeco Instruments price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Veeco Instruments Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Veeco Instruments applied against its price change over selected period. The best fit line has a slop of   0.05  , which means Veeco Instruments will continue generating value for investors. It has 122 observation points and a regression sum of squares at 89.9, which is the sum of squared deviations for the predicted Veeco Instruments price change compared to its average price change.

About Veeco Instruments Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Veeco Instruments on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Veeco Instruments based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Veeco Instruments price pattern first instead of the macroeconomic environment surrounding Veeco Instruments. By analyzing Veeco Instruments's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Veeco Instruments's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Veeco Instruments specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.0040010.0036010.001866
Price To Sales Ratio2.42.51.54

Veeco Instruments April 18, 2024 Technical Indicators

Most technical analysis of Veeco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Veeco from various momentum indicators to cycle indicators. When you analyze Veeco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Veeco Instruments April 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Veeco stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Veeco Instruments offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veeco Instruments' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Veeco Instruments Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veeco Instruments Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veeco Instruments. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.
Note that the Veeco Instruments information on this page should be used as a complementary analysis to other Veeco Instruments' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Veeco Stock analysis

When running Veeco Instruments' price analysis, check to measure Veeco Instruments' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veeco Instruments is operating at the current time. Most of Veeco Instruments' value examination focuses on studying past and present price action to predict the probability of Veeco Instruments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veeco Instruments' price. Additionally, you may evaluate how the addition of Veeco Instruments to your portfolios can decrease your overall portfolio volatility.
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Is Veeco Instruments' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veeco Instruments. If investors know Veeco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veeco Instruments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.82)
Earnings Share
(0.56)
Revenue Per Share
12.394
Quarterly Revenue Growth
0.131
Return On Assets
0.0371
The market value of Veeco Instruments is measured differently than its book value, which is the value of Veeco that is recorded on the company's balance sheet. Investors also form their own opinion of Veeco Instruments' value that differs from its market value or its book value, called intrinsic value, which is Veeco Instruments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veeco Instruments' market value can be influenced by many factors that don't directly affect Veeco Instruments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veeco Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeco Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeco Instruments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.