RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VREX
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Varex Imaging Corp stock price ended at $18.10 on Thursday, after gaining 2.67%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 2.67% PDF

The Varex Imaging Corp stock price gained 2.67% on the last trading day (Thursday, 28th Mar 2024), rising from $17.63 to $18.10. During the last trading day the stock fluctuated 3.22% from a day low at $17.70 to a day high of $18.27. The price has risen in 6 of the last 10 days and is up by 3.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 281 thousand more shares were traded than the day before. In total, 644 thousand shares were bought and sold for approximately $11.65 million.

Given the current short-term trend, the stock is expected to fall -17.03% during the next 3 months and, with a 90% probability hold a price between $12.61 and $15.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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VREX Signals & Forecast

The Varex Imaging Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.52 and $17.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 7.87%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Varex Imaging Corp stock

Varex Imaging Corp finds support from accumulated volume at $17.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.570 between high and low, or 3.22%. For the last week the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: $17.21 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (VREX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Varex Imaging Corp to open at $18.02, and during the day (based on 14 day Average True Range), to move between $17.67 and $18.53, which gives a possible trading interval of +/-$0.428 (+/-2.37%) up or down from last closing price. If Varex Imaging Corp takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.65 (2.49%) than the resistance at $19.44 (7.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Varex Imaging Corp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.400 Buy Candidate Unchanged

Predicted Opening Price for Varex Imaging Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$18.02 ( 0.424%) $18.10

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VREX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.59 2.73 %
R2 18.38 1.52 %
R1 18.24 0.779 %
Current price: 18.10
Support S1 17.81 -1.63 %
S2 17.67 -2.37 %
S3 17.45 -3.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.32 12.27 %
R2 19.62 8.40 %
R1 19.44 7.40 %
Current price 18.10
Support S1 17.65 -2.49%
S2 17.50 -3.31%
S3 17.11 -5.47%

FAQ

What is the symbol for Varex Imaging Corp Stock and on which exchange is it traded?
The symbol for Varex Imaging Corp is VREX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Varex Imaging Corp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Varex Imaging Corp Stock?
Varex Imaging Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Varex Imaging Corp Stock.

What's the current price of Varex Imaging Corp Stock?
As of the end of day on the 2024-03-28, the price of an Varex Imaging Corp (VREX) share was $18.10.

What is the 52-week high and low for Varex Imaging Corp Stock?
The 52-week high for Varex Imaging Corp Stock is $23.90 and the 52-week low is $16.72.

What is the market capitalization of Varex Imaging Corp Stock?
As of the 2024-03-28, the market capitalization of Varex Imaging Corp is 734.86M.

When is the next earnings date for Varex Imaging Corp?
The upcoming earnings date for Varex Imaging Corp is May 07, 2024.
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About Varex Imaging Corp

Varex Imaging Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, gene... VREX Profile

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