Overall VREX gets a technical rating of 5 out of 10. Although VREX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
VREX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.82, a Stop Loss order could be placed below this zone.
More info and screens
6.81
6 important support areas can be observed.
- A support zone ranging from 11.62 to 11.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.42 from a trend line in the daily time frame.
- Support @10.66 from a horizontal line in the weekly time frame.
- Support @10.23 from a horizontal line in the daily time frame.
- Support @7.73 from a trend line in the weekly time frame.
- Support @6.88 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.98 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.30 to 12.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.37 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 | 26.2 | NEGATIVE | VREX has a low relative strength, it was outperformed by 73.8% off all stocks 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) | 52.98 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 40.3 | NEUTRAL | The Stochastics value for VREX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for VREX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.13 | NEGATIVE | The low ADX value for VREX suggests a weak or negative trend. |
11.94
+0.06 (+0.51%)
VAREX IMAGING CORP / VREX FAQ
What is the technical rating for VREX stock?
ChartMill assigns a technical rating of 5 / 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 52.9758. 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 0.00178446, 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.