Overall VREX gets a technical rating of 2 out of 10. VREX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, VREX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.66, a Stop Loss order could be placed below this zone.
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6.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.55 to 10.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.23 from a horizontal line in the daily time frame.
- Support @7.63 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 2 important areas.
- 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 @14.53 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 | NEUTRAL | NEUTRAL | The long term trend for VREX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VREX is neutral. |
| ChartMill Relative Strength | 20.92 | NEGATIVE | VREX has a low relative strength, it was outperformed by 79.08% 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) | DOWN | MIXED | The current price of VREX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.98 | NEUTRAL | The RSI value for VREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests VREX has a positive trend. |
| Stochastics (14,3) | 61.39 | NEUTRAL | The Stochastics value for VREX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for VREX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for VREX suggests a weak or negative trend. |
11.52
-0.05 (-0.43%)
VAREX IMAGING CORP / VREX FAQ
What is the technical rating for VREX stock?
ChartMill assigns a technical rating of 2 / 10 to VREX.
Can you provide the trend direction for VAREX IMAGING CORP?
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 49.9849. 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 0.000707174, 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.