Based on Veeva Systems' 15-minute chart, the Bollinger Bands have expanded downward, and a KDJ Death Cross is expected at 13:00 on August 5, 2025. This suggests that the market trend is currently being driven by sellers, and the momentum of the stock price is shifting towards the downside, potentially leading to further decreases.
Based on Veeva Systems' (VEEV) 15-minute chart, the Bollinger Bands have expanded downward, and a KDJ Death Cross is expected at 13:00 on August 5, 2025. These technical indicators suggest that the market trend is currently being driven by sellers, and the momentum of the stock price is shifting towards the downside, potentially leading to further decreases.
The Bollinger Bands Expanding Downward indicates increased volatility and a trend towards lower prices. This is supported by the KDJ Death Cross, which signals a change in momentum from bullish to bearish. These indicators suggest that the stock price has the potential to continue falling, with a decreasing magnitude of stock price fluctuations.
In addition to these technical indicators, Veeva Systems is expected to report significant growth in quarterly revenue and earnings. According to the mean estimate from analysts, the company is anticipated to report a 17.28% increase in earnings per share (EPS) to $1.9, compared to the same quarter of the previous year. The company's upcoming EPS is projected at $1.9, signifying a 17.28% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $767.61 million, up 13.52% from the year-ago period [2].
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $3.1 billion, indicating changes of +15.76% and +12.78%, respectively, compared to the previous year.
Veeva Systems is currently sporting a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 37.18, which is higher than the industry average of 26.27. The PEG ratio is currently 1.6, compared to the industry average of 2.78.
Investors should keep an eye on any recent revisions to analyst forecasts for Veeva Systems, as these can signify changes in near-term business trends. The Zacks Rank system has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988.
References:
[1] https://www.ainvest.com/news/suncor-energy-15min-chart-bollinger-bands-expansion-downward-kdj-death-cross-2508/
[2] https://www.nasdaq.com/articles/veeva-systems-veev-stock-moves-109-what-you-should-know
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