We assign a technical rating of 0 out of 10 to VRNS. VRNS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
VRNS has a poor technical rating and the quality of the setup is also not perfect 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
33.45
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.80 to 33.80. 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 | DOWN | NEGATIVE | The long term trend for VRNS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRNS is down. |
| ChartMill Relative Strength | 8.43 | NEGATIVE | VRNS has a low relative strength, it was outperformed by 91.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VRNS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VRNS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VRNS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.25 | NEUTRAL | The RSI value for VRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests VRNS has a positive trend. |
| Stochastics (14,3) | 90.19 | OVERBOUGHT | The high Stochastics value suggests VRNS may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for VRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 45.91 | POSITIVE | The high ADX value value for VRNS suggests a strong trend. |
33.79
+0.57 (+1.72%)
VARONIS SYSTEMS INC / VRNS FAQ
Can you provide the ChartMill technical rating for VARONIS SYSTEMS INC?
ChartMill assigns a technical rating of 0 / 10 to VRNS.
What is the current trend direction of VARONIS SYSTEMS INC (VRNS) stock?
The current trend direction for VARONIS SYSTEMS INC (VRNS) is Bearish.
What is the RSI signal for VARONIS SYSTEMS INC (VRNS) stock?
VARONIS SYSTEMS INC (VRNS) has an RSI value of 43.2516. This indicates that the stock is currently neutral.
What is the MACD signal for VRNS stock?
The MACD indicator for VARONIS SYSTEMS INC (VRNS) has a value of 1.02493, indicating a bullish trend.
What are the support and resistance levels for VARONIS SYSTEMS INC (VRNS) stock?
VARONIS SYSTEMS INC (VRNS) has a resistance level at 33.8. Check the full technical report for our detailed analysis of VRNS support and resistance levels.