We Analyzed Veeco Instruments Inc. (NASDAQ:VECO) – Here’s What We Found (2019-12-26)

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REPORTING FOR 2019-12-26 | WCX19.ORG: We have done an in-depth analysis of how VECO has been trading over the last 2 weeks and the past day especially. On its latest session, Veeco Instruments Inc. (NASDAQ:VECO) opened at 15.01, reaching a high of 15.0277 and a low of 14.73 before closing at a price of 14.95. There was a total volume of 50685.

VOLUME INDICATORS FOR VEECO INSTRUMENTS INC. (NASDAQ:VECO): We saw an accumulation-distribution index of 515.64961, an on-balance volume of -15.04, chaikin money flow of 32.63842 and a force index of 0.0611. There was an ease of movement rating of -0.00129, a volume-price trend of 3.0711 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR VEECO INSTRUMENTS INC. (NASDAQ:VECO): We noted an average true range of 0.27801, bolinger bands of 14.73914, an upper bollinger band of 14.71086, lower bollinger band of 14.73, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 14.92257, high band keltner channel of 14.90487, low band keltner channel of 14.94027, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 14.73, a donchian channel low band of 14.73, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR VEECO INSTRUMENTS INC. (NASDAQ:VECO): We calculated a Moving Average Convergence Divergence (MACD) of -0.00022, a MACD signal of -0.00012, a MACD difference of -0.0001, a fast Exponential Moving Average (EMA) indicator of 14.73, a slow Exponential Moving Average (EMA) indicator of 14.73, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.33552, a trix of 13.32599, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -2.51368, a KST Oscillator (KST) of 205.76409 and a KST Oscillator (KST Signal) of 205.76409 (leaving a KST difference of -0.20464). We also found an Ichimoku rating of 15.01885, an Ichimoku B rating of 15.01885, a Ichimoku visual trend A of 12.93701, an Ichimoku visual trend B of 13.72684, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR VEECO INSTRUMENTS INC. (NASDAQ:VECO): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 89.97738, a stochastic oscillator of 1681.9209, a stochastic oscillator signal of 1681.9209, a Williams %R rating of 1581.9209 and an awesome oscillator of -0.09214.

RETURNS FOR VEECO INSTRUMENTS INC. (NASDAQ:VECO): There was a daily return of 20.57641, a daily log return of -0.06791 and a cumulative return of -0.06789.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-26 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Veeco Instruments Inc. (NASDAQ:VECO)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Veeco Instruments Inc. (NASDAQ:VECO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.