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VERTEX PHARMACEUTICALS INC.
VERTEX PHARMACEUTICALS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VRTX
ISIN:

VERTEX PHARMACEUTICALS INC. - Weekly - Technical analysis published on 08/19/2022 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 263.11 USD
My targets
305.49 USD (+2.16%)
314.14 USD (+5.05%)
My analysis
VERTEX PHARMACEUTICALS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 263.11 USD. The next resistance located at 305.49 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 314.14 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Milosz Herman
This analysis was given by Milosz Herman. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The VERTEX PHARMACEUTICALS INC. rating is 299.04 USD. The price registered an increase of +1.54% over 5 days with the lowest point at 293.71 USD and the highest point at 305.95 USD. The deviation from the price is +1.81% for the low point and -2.26% for the high point.

293.71
305.95
299.04

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by VERTEX PHARMACEUTICALS INC.:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Weekly of this VERTEX PHARMACEUTICALS INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 207.01 234.96 290.93 299.04 303.10
Change (%) -30.78% -21.43% -2.71% - +1.36%
Change -92.03 -64.08 -8.11 - +4.06
Level Intermediate Intermediate Major - Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard285.86288.99294.01297.14302.16305.29310.31
Camarilla296.80297.55298.29299.04299.79300.53301.28
Woodie286.82289.46294.97297.61303.12305.76311.27
Fibonacci288.99292.10294.02297.14300.25302.17305.29


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard275.03281.84288.18294.99301.33308.14314.48
Camarilla290.90292.11293.32294.52295.73296.93298.14
Woodie274.80281.72287.95294.87301.10308.02314.25
Fibonacci281.84286.86289.97294.99300.01303.12308.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard250.57263.11271.76284.30292.95305.49314.14
Camarilla274.58276.53278.47280.41282.35284.30286.24
Woodie248.63262.14269.82283.33291.01304.52312.20
Fibonacci263.11271.21276.21284.30292.40297.40305.49

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.27
MACD (12,26,9): 14.5400
Directional Movement: 12.09
AROON (14): 100.00
DEMA (21): 294.98
Parabolic SAR (0,02-0,02-0,2): 254.83
Elder Ray (13): 15.89
Super Trend (3,10): 249.27
Zig ZAG (10): 299.04
VORTEX (21): 1.1100
Stochastique (14,3,5): 88.20
TEMA (21): 297.42
Williams %R (14): -11.01
Chande Momentum Oscillator (20): 25.31
Repulse (5,40,3): 3.8500
ROCnROLL: 1
TRIX (15,9): 0.8600
Courbe Coppock: 19.36
MA7: 298.25
MA20: 289.10
MA50: 282.70
MA100: 274.85
MAexp7: 289.31
MAexp20: 275.36
MAexp50: 252.33
MAexp100: 237.04
Price / MA7: +0.26%
Price / MA20: +3.44%
Price / MA50: +5.78%
Price / MA100: +8.80%
Price / MAexp7: +3.36%
Price / MAexp20: +8.60%
Price / MAexp50: +18.51%
Price / MAexp100: +26.16%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


Don't forget to follow the news on VERTEX PHARMACEUTICALS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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