Varonis Technical Analysis (NASDAQ:VRNS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The VRNS stock chart pattern can give those who understand technical analysis an indication of which way VRNS stock is headed, but cannot predict with 100% certainty as to what can happen to the Varonis stock price.
See Varonis bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Varonis stock analysis.
Varonis Moving Average
Moving averages help predict the price direction of VRNS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $70.42 is above the last closing price of $67.7 and the 50 day moving average of $74.92 is above the last closing price of $67.7. The 10 and 20 day periods can predict short term moving average trends.
Varonis Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Varonis. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $67.7 is in the lower range of Varonis bollinger bands.
Varonis Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Varonis MACD indicator can be used to identify bullish and bearish trends for the stock.
Varonis Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of VRNS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.