The Greedy Trader Weekly Analysis
Sign In Jul 2, 2020
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 6/26/2020 -
Sign In to see current Signals.

Varian Medical Systems (VAR)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is oversoldMACD bullish divergencePrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Varian Medical Systems (VAR). During the week, the VAR dropped -2.75 points, or -2.30%, and closed at 116.72 on Friday, June 26, 2020. Weekly volume was -21% below average.

VAR is a member of Health Care Sector. Health Care 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 downtrend had started on January 22, 2020 at 150.06 and reached 89.62 on March 23, 2020. VAR lost 60.44 points, or 40.28%, in 8 weeks. The price is now at the 44.84% retracement level.

Medium-term trend: [See VAR medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 89.62 and reached 134.31 on June 8, 2020. VAR gained -44.69 points, or -49.87%, in 11 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 8, 2020 at 134.31 and reached 111.80 on June 15, 2020. VAR lost 22.51 points, or 16.76%, in 7 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See VAR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.87
Williams' Percentage Range (W%R) 81.30
Oversold
Lane's Stochastic (%D-Slow) 46.73
Greed/Fear Indicator (GFI) 30.75
Moving Average Converg./Diverg. (MACD) 0.24 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.60
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 67.57
Greed/Fear Indicator (GFI) 56.36
Moving Average Converg./Diverg. (MACD) -3.15
Trading Signals
Description Value Chart
Upper Bollinger Band 130.79
Weekly Stochastic Crossing 124.98
20 Day Moving Average 121.44
Parabolic System 120.89
Daily Stochastic Crossing 117.90
50 Day Moving Average 117.68
Price 116.72
Lower Bollinger Band 107.64
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 122.88
High Date 06/19/2020
Low 113.31
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.31
High Date 06/08/2020
Low 111.80
Low Date 06/15/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.62
Low Date 03/23/2020
High 134.31
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 150.06
High Date 01/22/2020
Low 89.62
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.10
Low Date 03/06/2009
High 150.06
High Date 01/22/2020
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.

Copyright© 2004-2018 All rights reserved.