VARONIS SYSTEMS INC (VRNS) Stock Technical Analysis
NASDAQ:VRNS • US9222801022
Taking everything into account, VRNS scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than VRNS.
- VRNS is one of the lesser performing stocks in the Software industry. 65% of 274 stocks in the same industry do better.
- VRNS 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 VRNS has a been trading in the 20.06 - 34.52 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.
- VRNS has an average volume of 3359780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of VRNS is bad and it also does not present a quality setup 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
22.49
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.36 to 26.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.77 from a horizontal line in the daily 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 VRNS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRNS is down. |
| ChartMill Relative Strength | 8.07 | NEGATIVE | VRNS has a low relative strength, it was outperformed by 91.93% 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) | 34.31 | NEUTRAL | The RSI value for VRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests VRNS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.78 | OVERSOLD | The low Stochastics value suggests VRNS may be oversold. |
| Average True Range in percent/ATR (20) | 9.88 | HIGH VOLATILITY | The high ATR as a percentage value for VRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 34.72 | POSITIVE | The high ADX value value for VRNS suggests a strong trend. |
22.72
+1.01 (+4.65%)
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 trend direction for VRNS stock?
The current trend direction for VARONIS SYSTEMS INC (VRNS) is Bearish.
What is the RSI signal for VRNS stock?
VARONIS SYSTEMS INC (VRNS) has an RSI value of 34.3066. This indicates that the stock is currently neutral.
What is the buy/sell signal for VRNS stock?
The buy/sell signal for VARONIS SYSTEMS INC (VRNS) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for VARONIS SYSTEMS INC (VRNS) stock?
VARONIS SYSTEMS INC (VRNS) has a resistance level at 25.36. Check the full technical report for our detailed analysis of VRNS support and resistance levels.