VAREX IMAGING CORP (VREX) Stock Technical Analysis
USA - NASDAQ:VREX - US92214X1063 - Common Stock
11.29 USD
-0.48 (-4.08%)
11.29 USD
0 (0%)
We assign a technical rating of 6 out of 10 to VREX. In the last year, VREX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
VREX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 77% of 191 stocks in the same industry.
Looking at the yearly performance, VREX did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
In the last month VREX has a been trading in the 11.16 - 12.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
VREX has an average technical rating and it also does not offer a high quality setup 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
6.81
12.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.28 to 11.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.43 from a trend line in the weekly time frame.
- Support @6.88 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.91 to 11.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.28 to 12.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 79.09 | POSITIVE | VREX has a high relative strength, it outperformed 79.09% 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) | 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) | 44.38 | NEUTRAL | The RSI value for VREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests VREX has a negative trend. |
| Stochastics (14,3) | 12.12 | OVERSOLD | The low Stochastics value suggests VREX may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for VREX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.9 | 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)
11.29
-0.48 (-4.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.08%
1 Week-4.81%
2 Weeks-5.6%
1 Month-1.83%
3 Month38.19%
6 Month44.01%
12 Month-1.14%
2 Year-37.45%
3 Year-48.94%
5 Year-15.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.87%
ATR Inc54.79%
Range Today0.64
ADR(20)0.43
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.09
Mansfield-1.05
10 Day High12.42
10 Day Low11.27
20 Day High12.53
20 Day Low11.16
52 Week High16.93
52 Week Low6.76
CS1 End11.28
CR1 Start11.91
Volume & EV
DER(3)-0.2%
DER(5)-0.18%
Volume229.08K
Volume Incr-26.29%
Vol(5)236.44K
Vol(50)416.37K