VAREX IMAGING CORP (VREX) Technical Analysis
NASDAQ:VREX • US92214X1063
Current stock price
VREX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to VREX. VREX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, VREX is a bad performer in the overall market: 78% of all stocks are doing better.
- In the last month VREX has a been trading in the 10.62 - 13.88 range, which is quite wide. It is currently trading near the lows of this range.
- VREX is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, VREX did better than 58% of them.
- VREX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VREX is lagging the market slightly.
VREX Weekly and Daily overview Charts
VREX Setup Rating and Analysis
VREX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
VREX Support and Resistance Analysis
10.69
When analyzing the support we notice one important area.
- A support zone ranging from 10.80 to 10.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.62 to 11.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.74 from a trend line in the weekly time frame.
- Resistance @14.36 from a horizontal line in the daily time frame.
VREX Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for VREX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VREX is down. |
| ChartMill Relative Strength | 22.45 | NEGATIVE | VREX has a low relative strength, it was outperformed by 77.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VREX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VREX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VREX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.53 | OVERSOLD | The low RSI value suggests VREX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests VREX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.49 | OVERSOLD | The low Stochastics value suggests VREX may be oversold. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for VREX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.93 | POSITIVE | The high ADX value value for VREX suggests a strong trend. |
VREX Chart- and CandleStick Pattern Analysis
VREX Technicals: Chart, Performance Metrics, Trend & Indicators
11.14
+0.33 (+3.05%)
VAREX IMAGING CORP / VREX TA FAQ
What is the technical rating for VREX stock?
ChartMill assigns a technical rating of 0 / 10 to VREX.
What is the current trend direction of VAREX IMAGING CORP (VREX) stock?
The current trend direction for VAREX IMAGING CORP (VREX) is Bearish.
What is the RSI signal for VREX stock?
VAREX IMAGING CORP (VREX) has an RSI value of 28.5279. This indicates that the stock is currently oversold.
Can you provide the MACD signal for VAREX IMAGING CORP?
The MACD indicator for VAREX IMAGING CORP (VREX) has a value of -0.218874, indicating a bearish trend.
What is the short term momentum for VAREX IMAGING CORP (VREX) stock?
The short term momentum for VAREX IMAGING CORP (VREX) is negative.