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Archive
- 6/8/2018
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Varian Medical Systems
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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtBullish Doji Candlestick
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It was a third consecutive positive week for the Varian Medical Systems (VAR). During the week, the VAR gained 1.54 points, or 1.28%, and closed at 121.67 on Friday, June 08, 2018. Weekly volume was -34% below average.

Long-term trend: [See VAR long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 27.10 and reached 130.29 on January 26, 2018. VAR gained -103.19 points, or -380.77%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (86.17) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See VAR medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 130.29 and reached 111.50 on February 9, 2018. VAR lost 18.79 points, or 14.42%, in 2 weeks. The price is now at the 54.12% retracement level.

Weekly Technical Indicators: [See VAR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See VAR short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 114.67 and reached 123.39 on June 7, 2018. VAR gained -8.72 points, or -7.60%, in 35 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See VAR daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 16, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Candlestick pattern: [See VAR candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.77
Williams' Percentage Range (W%R) 24.20
Lane's Stochastic (%D-Slow) 88.39
Overbought
Greed/Fear Indicator (GFI) 76.64
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.36
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 30.46
Greed/Fear Indicator (GFI) 46.21
Moving Average Converg./Diverg. (MACD) 3.36
Trading Signals
Description Value Chart
Upper Bollinger Band 123.02
Daily Stochastic Crossing 122.60
Price 121.67
Parabolic System 120.45
50 Day Moving Average 119.86
20 Day Moving Average 119.22
Weekly Stochastic Crossing 119.22
Yearly Trendline Resistance 118.60
Lower Bollinger Band 116.70
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Medical Appliances/Equip. 105
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 114.67
Low Date 05/03/2018
High 123.39
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.29
High Date 01/26/2018
Low 111.50
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.94
Low Date 01/30/2017
High 130.29
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.07
Low Date 09/28/2015
High 130.29
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 118.60
Support 86.17
Low 27.10
Low Date 03/06/2009
High 130.29
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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