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Archive
- 12/13/2024 -
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Vertex Pharmaceuticals (VRTX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Vertex Pharmaceuticals (VRTX). During the week, the VRTX climbed 1.60 points, or 0.35%, and closed at 463.70 on Friday, December 13, 2024. Weekly volume was -25% below average.
VRTX is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See VRTX long-term trend chart]
A long-term uptrend had started on November 11, 2003 at 7.83 and reached 519.90 on November 8, 2024. VRTX gained -512.07 points, or -6539.85%, in 1095 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (100.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 519.90 on November 8, 2024. VRTX gained -343.54 points, or -194.79%, in 161 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 441.97 and resistance is at 535.73. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See VRTX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 9, 2024. Use the following link to access a MACD help.
 Short-term trend: [See VRTX short-term trend chart]
A short-term uptrend had started on November 21, 2024 at 445.00 and reached 476.02 on December 9, 2024. VRTX gained -31.02 points, or -6.97%, in 18 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 455.60 and resistance is at 478.63. 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 short-term trend.
Daily Technical Indicators: [See VRTX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (459.34) comes close to the price (463.70). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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