VAREX IMAGING CORP (VREX) Stock Technical Analysis
NASDAQ:VREX - Nasdaq - US92214X1063 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to VREX. VREX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, VREX is a bad performer in the overall market: 89% of all stocks are doing better.
VREX is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry, of which 71% are performing better than VREX.
In the last month VREX has a been trading in the 11.80 - 15.46 range, which is quite wide. It is currently trading near the lows of this range.
VREX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VREX is lagging the market.
Although the technical rating is bad, VREX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.45, a Stop Loss order could be placed below this zone.
More info and screens
12.14
15.92
When analyzing the support we notice one important area.
- A support zone ranging from 12.26 to 12.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.57 to 13.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.87 to 15.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.76 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.9
Mansfield-1.87
10 Day High14.23
10 Day Low11.8
20 Day High15.46
20 Day Low11.8
52 Week High18.3
52 Week Low10.19
Performance
1 Week-7.13%
2 Weeks-16.84%
1 Month-11.24%
3 Month-24.04%
6 Month1.85%
12 Month-26.55%
2 Year-28.55%
3 Year-46.53%
5 Year-45.56%
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)-0.08
RSI(14)40.62
LBB11.93
UBB15.03
12.64
-0.21 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.63%
1 Week-7.13%
2 Weeks-16.84%
1 Month-11.24%
3 Month-24.04%
6 Month1.85%
12 Month-26.55%
2 Year-28.55%
3 Year-46.53%
5 Year-45.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%5.77%
ATR Inc-58.4%
Range Today0.45
ADR(20)0.66
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.9
Mansfield-1.87
10 Day High14.23
10 Day Low11.8
20 Day High15.46
20 Day Low11.8
52 Week High18.3
52 Week Low10.19
CS1 End12.45
CR1 Start13.57
Volume & EV
DER(3)-1.74%
DER(5)-0.33%
Volume493.20K
Volume Incr-14.33%
Vol(5)500.06K
Vol(50)546.09K