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Uptrend Broken SupportArchive
- 5/2/2025 -
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Vertex Pharmaceuticals (VRTX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the Vertex Pharmaceuticals (VRTX). During the week, the VRTX gained 7.35 points, or 1.49%, and closed at 501.15 on Friday, May 2, 2025. Weekly volume was 12% above average.
 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 (102.55) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 405.59 and resistance is at 576.91. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 14, 2025 at 519.70 and reached 448.10 on April 7, 2025. VRTX lost 71.60 points, or 13.78%, in 24 days. The price is now at the 74.09% retracement level.
 Daily Technical Indicators: [See VRTX daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 22, 2025. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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