The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Varian Medical Systems
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Varian Medical Systems (VAR). During the week, the VAR dropped -3.59 points, or -3.13%, and closed at 111.18 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -23% below average.

VAR is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 trend support level is at 87.26 and resistance is at 119.68. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See VAR medium-term trend chart]
A medium-term uptrend had started on January 30, 2017 at 76.94 and reached 130.29 on January 26, 2018. VAR gained -53.35 points, or -69.34%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (125.31) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. VAR may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See VAR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 29, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See VAR short-term trend chart]
A short-term downtrend had started on April 24, 2018 at 128.50 and reached 110.68 on August 10, 2018. VAR lost 17.82 points, or 13.87%, in 108 days. Price is near the trend low.

Daily Technical Indicators: [See VAR daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 27, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.92
Williams' Percentage Range (W%R) 97.20
Strong Oversold
Lane's Stochastic (%D-Slow) 10.13
Oversold
Greed/Fear Indicator (GFI) 15.94
Oversold
Moving Average Converg./Diverg. (MACD) -1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.03
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 28.54
Greed/Fear Indicator (GFI) 24.89
Moving Average Converg./Diverg. (MACD) 1.24
Trading Signals
Description Value Chart
Monthly Trendline Support 125.31
Yearly Trendline Resistance 119.68
Upper Bollinger Band 118.60
50 Day Moving Average 117.19
20 Day Moving Average 114.85
Parabolic System 114.63
Weekly Stochastic Crossing 114.08
Price 111.18
Daily Stochastic Crossing 111.17
Lower Bollinger Band 110.31
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Appliances/Equip. 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.50
High Date 04/24/2018
Low 110.68
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.29
High Date 01/26/2018
Low 110.68
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 139.99
Support 125.31
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 Valid
Resistance 119.68
Support 87.26
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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