VARONIS SYSTEMS INC (VRNS) Stock Technical Analysis
NASDAQ:VRNS - Nasdaq - US9222801022 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to VRNS. Although VRNS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month VRNS has a been trading in the 46.68 - 51.27 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
VRNS has an average volume of 1264420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that VRNS is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
VRNS is an average performer in the Software industry, it outperforms 60% of 284 stocks in the same industry.
VRNS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VRNS is lagging the market.
VRNS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.08, a Stop Loss order could be placed below this zone.
More info and screens
48.48
51.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.77 to 50.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.97 to 48.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.41 to 50.94. 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 VRNS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRNS is up. |
| ChartMill Relative Strength | 73.36 | POSITIVE | VRNS has a high relative strength, it outperformed 73.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRNS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRNS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VRNS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.95 | NEUTRAL | The RSI value for VRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests VRNS has a negative trend. |
| Stochastics (14,3) | 70.4 | NEUTRAL | The Stochastics value for VRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for VRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.55 | POSITIVE | The high ADX value value for VRNS suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.95 | 49.76 | 1.19 (2.34%) | 25.00% |
| An entry @50.95. This is a Buy Stop order right above the resistance zone. | An exit @49.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.19 points, which is 2.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of VRNS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
50.26
-0.67 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.32%
1 Week2.61%
2 Weeks1.95%
1 Month6.37%
3 Month20.7%
6 Month11.76%
12 Month4.77%
2 Year88.59%
3 Year71.42%
5 Year70.41%
10 Year582.57%
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%2.16%
ATR Inc7.03%
Range Today1.02
ADR(20)1.08
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.36
Mansfield-0.26
10 Day High51.05
10 Day Low48.5
20 Day High51.27
20 Day Low46.68
52 Week High60.58
52 Week Low36.53
CS1 End50.08
CR1 Start50.41
Volume & EV
DER(3)-0.07%
DER(5)0.88%
Volume1.66M
Volume Incr-2.83%
Vol(5)1.24M
Vol(50)1.26M