VAREX IMAGING CORP (VREX) Stock Technical Analysis
NASDAQ:VREX - Nasdaq - US92214X1063 - Common Stock - Currency: USD
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: 93% of all stocks are doing better.
VREX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 72% are performing better than VREX.
VREX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month VREX has a been trading in the 7.23 - 8.92 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of VREX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.17
13.71
We can see 4 important resistance areas.
- A resistance zone ranging from 8.05 to 8.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.71 from a horizontal line in the daily time frame.
- Resistance @8.91 from a horizontal line in the daily time frame.
- Resistance @13.57 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 | 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 | 7.62 | NEGATIVE | VREX has a low relative strength, it was outperformed by 92.38% 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 | NEGATIVE | The current price of VREX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.07 | NEUTRAL | The RSI value for VREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests VREX has a negative trend. |
| Stochastics (14,3) | 13.58 | OVERSOLD | The low Stochastics value suggests VREX may be oversold. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for VREX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.53 | 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)
7.24
-0.61 (-7.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-7.77%
1 Week-11.38%
2 Weeks-17.73%
1 Month-5.61%
3 Month-1.09%
6 Month-46.45%
12 Month-49.01%
2 Year-68.91%
3 Year-67.52%
5 Year-53.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%5.52%
ATR Inc36.85%
Range Today0.76
ADR(20)0.39
ADR(20)%5.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.62
Mansfield-4.23
10 Day High8.8
10 Day Low7.23
20 Day High8.92
20 Day Low7.23
52 Week High16.93
52 Week Low6.76
CS1 EndN/A
CR1 Start8.05
Volume & EV
DER(3)-0.66%
DER(5)1.72%
Volume440.60K
Volume Incr-19.99%
Vol(5)316.28K
Vol(50)428.81K