VAREX IMAGING CORP (VREX) Stock Technical Analysis
USA - NASDAQ:VREX - US92214X1063 - Common Stock
11.97 USD
+0.08 (+0.67%)
11.97 USD
0 (0%)
Overall VREX gets a technical rating of 6 out of 10. Although VREX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
VREX is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry. VREX outperforms 76% of them.
When comparing the performance of all stocks over the past year, VREX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
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.
In the last month VREX has a been trading in the 10.84 - 12.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VREX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.81
14.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.76 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.80 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.53 from a trend line in the weekly time frame.
- Support @6.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.06 to 12.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.29 to 12.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.69 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for VREX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VREX is neutral. |
| ChartMill Relative Strength | 61.56 | 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) | UP | POSITIVE | The current price of VREX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VREX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.64 | NEUTRAL | The RSI value for VREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VREX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.81 | NEUTRAL | The Stochastics value for VREX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for VREX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for VREX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.08 | 11.75 | 0.33 (2.73%) | 25.00% |
| An entry @12.08. This is a Buy Stop order right above the resistance zone. | An exit @11.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 2.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of VREX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.97
+0.08 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.67%
1 Week2.4%
2 Weeks-0.17%
1 Month10.73%
3 Month26.27%
6 Month73.98%
12 Month-15.82%
2 Year-36.5%
3 Year-43.64%
5 Year-28.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.99%
ATR Inc-4.19%
Range Today0.4
ADR(20)0.47
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.56
3 months CRS89.7
6 months CRS92.6
Mansfield-0.3
10 Day High12.74
10 Day Low11.38
20 Day High12.74
20 Day Low10.84
52 Week High16.93
52 Week Low6.76
CS1 End11.95
CR1 Start12.06
Volume & EV
DER(3)1.81%
DER(5)1.85%
Volume223.90K
Volume Incr-19.41%
Vol(5)185.08K
Vol(50)275.75K
VAREX IMAGING CORP / VREX FAQ
What is the technical rating for VREX stock?
ChartMill assigns a technical rating of 6 / 10 to VREX.
Can you provide the trend direction for VAREX IMAGING CORP?
The current trend direction for VAREX IMAGING CORP (VREX) is Bullish.
What is the RSI signal for VREX stock?
VAREX IMAGING CORP (VREX) has an RSI value of 53.6411. This indicates that the stock is currently neutral.
What is the MACD signal for VREX stock?
The MACD indicator for VAREX IMAGING CORP (VREX) has a value of -0.00870825, indicating a bearish trend.
Can you provide the short term momentum for VAREX IMAGING CORP?
The short term momentum for VAREX IMAGING CORP (VREX) is neutral.