VAREX IMAGING CORP (VREX) Technical Analysis
NASDAQ:VREX • US92214X1063
Current stock price
VREX Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to VREX. In the past year, VREX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- VREX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. VREX outperforms 80% of them.
- In the last month VREX has a been trading in the 10.27 - 12.38 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, VREX outperforms 65% of them, which is more or less in line with the market.
- VREX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VREX is lagging the market.
VREX Weekly and Daily overview Charts
VREX Setup Rating and Analysis
VREX has an average technical rating and also the quality of the setup is only medium 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
10.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.62 to 11.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.67 to 10.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.24 to 10.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.15 to 12.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.52 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for VREX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VREX is up. |
| ChartMill Relative Strength | 65.9 | NEUTRAL | VREX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VREX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VREX is above 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) | 63.56 | NEUTRAL | The RSI value for VREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests VREX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.98 | OVERBOUGHT | The high Stochastics value suggests VREX may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for VREX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.39 | 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
12.14
+0.14 (+1.17%)
VAREX IMAGING CORP / VREX TA FAQ
What is the technical rating for VREX stock?
ChartMill assigns a technical rating of 4 / 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 VAREX IMAGING CORP (VREX) stock?
VAREX IMAGING CORP (VREX) has an RSI value of 63.5553. This indicates that the stock is currently neutral.
What is the MACD signal for VAREX IMAGING CORP (VREX) stock?
The MACD indicator for VAREX IMAGING CORP (VREX) has a value of 0.197921, indicating a bearish trend.
What are the support and resistance levels for VAREX IMAGING CORP (VREX) stock?
VAREX IMAGING CORP (VREX) has a support level at 11.9 and a resistance level at 12.15. Check the full technical report for our detailed analysis of VREX support and resistance levels.