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Varian Medical Systems (VAR) Stock Technical Analysis

NYSE:VAR - New York Stock Exchange, Inc. -

177.07  -0.04 (-0.02%)

After market: 177.4 +0.33 (+0.19%)

Technical Rating and Analysis

7

Overall VAR gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VAR is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
VAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, VAR turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
In the last month VAR has a been trading in a tight range between 176.00 and 177.38.
Weekly and Daily overview Charts
Varian Medical Systems / VAR Weekly stock chart
Varian Medical Systems / VAR Daily stock chart
Setup Rating and Analysis

7

VAR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 177.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.02, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

169.79

179.07

We found 1 important support area.

  • A support zone ranging from 171.50 to 177.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 177.22 to 177.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.33
Mansfield-0.55
10 Day High177.38
10 Day Low176.46
20 Day High177.38
20 Day Low176
52 Week High177.38
52 Week Low103.67
Performance
1 Week-0.12%
2 Weeks0.08%
1 Month0.49%
3 Month0.91%
6 Month2.97%
12 Month52.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)61.25
LBB176.44
UBB177.42
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
177.31176.450.86 (0.49%)25.00%
An entry @177.31. This is a Buy Stop order right above the resistance zone.An exit @176.45. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.86 points, which is 0.49%.For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
Varian Medical Systems / VAR Daily stock chart

Varian Medical Systems

NYSE:VAR (4/14/2021, 8:19:09 PM)

After market: 177.4 +0.33 (+0.19%)

177.07

-0.04 (-0.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.02%
1 Week-0.12%
2 Weeks0.08%
1 Month0.49%
3 Month0.91%
6 Month2.97%
12 Month52.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%0.19%
ATR Inc-47.86%
Range Today0.17
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.33
Mansfield-0.55
10 Day High177.38
10 Day Low176.46
20 Day High177.38
20 Day Low176
52 Week High177.38
52 Week Low103.67
CS1 End177.02
CR1 Start177.22
Volume & EV
DER(3)-3.06%
DER(5)-1.39%
Volume536.20K
Volume Incr-33.97%
Vol(5)531.90K
Vol(50)724.40K