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 VRNS
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Red day on Thursday for Varonis Systems stock after losing 0.296%
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Gain 1.01% PDF

The Varonis Systems stock price fell by -0.296% on the last day (Thursday, 28th Mar 2024) from $47.31 to $47.17. During the last trading day the stock fluctuated 3.26% from a day low at $46.98 to a day high of $48.51. The price has fallen in 7 of the last 10 days and is down by -3.87% for this period. Volume has increased on the last day by 493 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $54.83 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $46.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.58% during the next 3 months and, with a 90% probability hold a price between $52.32 and $61.45 at the end of this 3-month period.

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VRNS Signals & Forecast

There are few to no technical positive signals at the moment. The Varonis Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $47.86 and $49.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 09, 2024, and so far it has fallen -9.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Varonis Systems stock

Varonis Systems finds support from accumulated volume at $45.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.53 (3.26%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Varonis Systems to open at $47.55, and during the day (based on 14 day Average True Range), to move between $45.80 and $48.54, which gives a possible trading interval of +/-$1.37 (+/-2.90%) up or down from last closing price. If Varonis Systems takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.39 (2.59%) than the support at $45.82 (2.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Varonis Systems stock A Buy?

The Varonis Systems stock holds several negative signals and despite the positive trend, we believe Varonis Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.801 Sell Candidate Unchanged

Predicted Opening Price for Varonis Systems of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$47.55 ( 0.81%) $47.17

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

Trading levels for VRNS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.08 4.06 %
R2 48.50 2.82 %
R1 48.14 2.05 %
Current price: 47.17
Support S1 46.97 -0.429 %
S2 46.61 -1.19 %
S3 46.02 -2.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.69 7.46 %
R2 48.60 3.03 %
R1 48.39 2.59 %
Current price 47.17
Support S1 45.82 -2.86%
S2 45.54 -3.46%
S3 45.52 -3.50%

FAQ

What is the symbol for Varonis Systems Stock and on which exchange is it traded?
The symbol for Varonis Systems is VRNS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Varonis Systems Stock?
The Varonis Systems stock holds several negative signals and despite the positive trend, we believe Varonis Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of Varonis Systems Stock?
As of the end of day on the 2024-03-28, the price of an Varonis Systems (VRNS) share was $47.17.

What is the 52-week high and low for Varonis Systems Stock?
The 52-week high for Varonis Systems Stock is $52.88 and the 52-week low is $22.34.

What is the market capitalization of Varonis Systems Stock?
As of the 2024-03-28, the market capitalization of Varonis Systems is 5.146B.

When is the next earnings date for Varonis Systems?
The upcoming earnings date for Varonis Systems is May 06, 2024.
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About Varonis Systems

Varonis Systems Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic a... VRNS Profile

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