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Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
Vertex Pharmaceuticals (VRTX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Vertex Pharmaceuticals (VRTX). During the week, the VRTX dropped -5.90 points, or -1.43%, and closed at 407.69 on Friday, March 15, 2024. VRTX was trading at average weekly trading volume. Long-term trend: [See VRTX long-term trend chart] A long-term uptrend had started on November 11, 2003 at 7.83 and reached 448.40 on January 30, 2024. VRTX gained -440.57 points, or -5626.69%, in 1055 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (397.18). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend. Medium-term trend: [See VRTX medium-term trend chart] A medium-term uptrend had started on October 6, 2021 at 176.36 and reached 448.40 on January 30, 2024. VRTX gained -272.04 points, or -154.25%, in 120 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 362.08 and resistance is at 413.54. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See VRTX weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See VRTX short-term trend chart] A short-term downtrend had started on February 27, 2024 at 437.00 and reached 406.97 on March 15, 2024. VRTX lost 30.03 points, or 6.87%, in 17 days. Price is near the trend low. Daily Technical Indicators: [See VRTX daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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