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Archive
- 10/5/2018
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Varian Medical Systems
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the negative week for the Varian Medical Systems (VAR). During the week, the VAR dropped -3.87 points, or -3.46%, and closed at 108.06 on Friday, October 05, 2018. Weekly volume was -13% 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 88.22 and resistance is at 120.64. 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 September 28, 2015 at 71.07 and reached 130.29 on January 26, 2018. VAR gained -59.22 points, or -83.33%, in 121 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 84.34 and resistance is at 143.27. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See VAR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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. 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 September 7, 2018 at 106.05 and reached 113.65 on September 27, 2018. VAR gained -7.60 points, or -7.17%, in 20 days. The price is now at the 73.55% retracement level.

Daily Technical Indicators: [See VAR daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.43
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 42.06
Greed/Fear Indicator (GFI) 39.09
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.58
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 30.51
Greed/Fear Indicator (GFI) 29.35
Moving Average Converg./Diverg. (MACD) -0.83
Trading Signals
Description Value Chart
Yearly Trendline Resistance 120.64
Upper Bollinger Band 114.34
Parabolic System 113.47
50 Day Moving Average 111.69
20 Day Moving Average 111.18
Daily Stochastic Crossing 108.75
Weekly Stochastic Crossing 108.69
Lower Bollinger Band 108.12
Price 108.06
Yearly Trendline Support 88.22
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Appliances/Equip. 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.05
Low Date 09/07/2018
High 113.65
High Date 09/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.50
High Date 04/24/2018
Low 106.05
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.29
High Date 01/26/2018
Low 106.05
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 143.27
Support 84.34
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 120.64
Support 88.22
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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