Veeva Systems Class Stock Technical Analysis

VEEV Stock  USD 203.78  0.13  0.06%   
As of the 13th of May 2024, Veeva Systems has the Risk Adjusted Performance of (0.02), coefficient of variation of (2,138), and Variance of 2.09. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Veeva Systems Class, 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 analyze and collect data for thirteen technical drivers for Veeva Systems Class, which can be compared to its competition. Please validate Veeva Systems Class standard deviation and value at risk to decide if Veeva Systems is priced more or less accurately, providing market reflects its prevalent price of 203.78 per share. Given that Veeva Systems Class has information ratio of (0.10), we advise you to double-check Veeva Systems Class's current market performance to make sure the company can sustain itself at a future point.

Veeva Systems Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Veeva, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Veeva
  
Veeva Systems' 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.

Veeva Systems Analyst Consensus

Target PriceAdvice# of Analysts
226.27Buy28Odds
Veeva Systems Class current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Veeva 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 Veeva stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Veeva Systems Class, talking to its executives and customers, or listening to Veeva conference calls.
Veeva Analyst Advice Details
Veeva Systems 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 Veeva Systems technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Veeva Systems 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...

Veeva Systems Class Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Veeva Systems Class volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Veeva Systems Class Trend Analysis

Use this graph to draw trend lines for Veeva Systems Class. You can use it to identify possible trend reversals for Veeva Systems 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 Veeva Systems price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Veeva Systems Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Veeva Systems Class applied against its price change over selected period. The best fit line has a slop of   0.54  , which may suggest that Veeva Systems Class market price will keep on failing further. It has 122 observation points and a regression sum of squares at 10899.2, which is the sum of squared deviations for the predicted Veeva Systems price change compared to its average price change.

About Veeva Systems 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 Veeva Systems Class 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 Veeva Systems Class based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Veeva Systems Class price pattern first instead of the macroeconomic environment surrounding Veeva Systems Class. By analyzing Veeva Systems'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 Veeva Systems'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 Veeva Systems specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding136.95132.99137.21102.28
PTB Ratio12.457.137.176.81

Veeva Systems May 13, 2024 Technical Indicators

Most technical analysis of Veeva 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 Veeva from various momentum indicators to cycle indicators. When you analyze Veeva 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.
When determining whether Veeva Systems Class is a strong investment it is important to analyze Veeva Systems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Veeva Systems' future performance. For an informed investment choice regarding Veeva Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veeva Systems Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Note that the Veeva Systems Class information on this page should be used as a complementary analysis to other Veeva Systems' 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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When running Veeva Systems' price analysis, check to measure Veeva Systems' 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 Veeva Systems is operating at the current time. Most of Veeva Systems' value examination focuses on studying past and present price action to predict the probability of Veeva Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veeva Systems' price. Additionally, you may evaluate how the addition of Veeva Systems to your portfolios can decrease your overall portfolio volatility.
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Is Veeva Systems' 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 Veeva Systems. If investors know Veeva 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 Veeva Systems 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
(0.23)
Earnings Share
3.22
Revenue Per Share
14.724
Quarterly Revenue Growth
0.119
Return On Assets
0.0501
The market value of Veeva Systems Class is measured differently than its book value, which is the value of Veeva that is recorded on the company's balance sheet. Investors also form their own opinion of Veeva Systems' value that differs from its market value or its book value, called intrinsic value, which is Veeva Systems' 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 Veeva Systems' market value can be influenced by many factors that don't directly affect Veeva Systems' 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 Veeva Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeva Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeva Systems' 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.