USA - NASDAQ:VRNS - US9222801022 - Common Stock
We assign a technical rating of 0 out of 10 to VRNS. VRNS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of VRNS 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.
34.88
When analyzing the resistance we notice one important area.
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 VRNS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRNS is down. |
| ChartMill Relative Strength | 6.6 | NEGATIVE | VRNS has a low relative strength, it was outperformed by 93.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRNS is below 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) | 21.51 | OVERSOLD | The low RSI value suggests VRNS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.29 | NEGATIVE | The MACD value suggests VRNS has a negative trend. |
| Stochastics (14,3) | 6.83 | OVERSOLD | The low Stochastics value suggests VRNS may be oversold. |
| Average True Range in percent/ATR (20) | 9.93 | HIGH VOLATILITY | The high ATR as a percentage value for VRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 32.57 | POSITIVE | The high ADX value value for VRNS suggests a strong trend. |
35.23
+0.23 (+0.66%)
ChartMill assigns a technical rating of 0 / 10 to VRNS.
The current trend direction for VARONIS SYSTEMS INC (VRNS) is Bearish.
VARONIS SYSTEMS INC (VRNS) has an RSI value of 21.5083. This indicates that the stock is currently oversold.
The MACD indicator for VARONIS SYSTEMS INC (VRNS) has a value of -3.29366, indicating a bearish trend.
VARONIS SYSTEMS INC (VRNS) has a resistance level at 63.31. Check the full technical report for our detailed analysis of VRNS support and resistance levels.