VARONIS SYSTEMS INC (VRNS) Technical Analysis
NASDAQ:VRNS • US9222801022
Current stock price
VRNS Technical Rating and Analysis
Overall VRNS gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, VRNS is a bad performer in the overall market: 93% of all stocks are doing better.
- VRNS is part of the Software industry. There are 275 other stocks in this industry, of which 68% are performing better than VRNS.
- VRNS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so VRNS is lagging the market.
- In the last month VRNS has a been trading in the 20.47 - 25.45 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 3407280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VRNS Weekly and Daily overview Charts
VRNS Setup Rating and Analysis
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
VRNS Support and Resistance Analysis
21.00
We can see 2 important resistance areas.
- Resistance @23.92 from a trend line in the daily time frame.
- Resistance @35.77 from a horizontal line in the daily time frame.
VRNS Technical Indicator Signal Analysis
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 | 7.58 | NEGATIVE | VRNS has a low relative strength, it was outperformed by 92.42% 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) | 31.06 | NEUTRAL | The RSI value for VRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests VRNS has a negative trend. |
| Stochastics (14,3) | 10.52 | OVERSOLD | The low Stochastics value suggests VRNS may be oversold. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for VRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for VRNS suggests a strong trend. |
VRNS Chart- and CandleStick Pattern Analysis
VRNS Technicals: Chart, Performance Metrics, Trend & Indicators
21.21
-0.62 (-2.84%)
VARONIS SYSTEMS INC / VRNS TA 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 31.0617. 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 23.92. Check the full technical report for our detailed analysis of VRNS support and resistance levels.