VARONIS SYSTEMS INC. - Daily - Technical analysis published on 08/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 63.96 USD
My targets
69.34 USD (+1.20%)
72.79 USD (+6.23%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 63.96 USD remains possible. It is advisable to trade VARONIS SYSTEMS INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 63.96 USD. The next bullish objective for buyers is set at 69.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 72.79 USD. If there is any crossing, the next objective would be the resistance located at 81.90 USD. PS: if there is a bearish break in the support located at 63.96 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VARONIS SYSTEMS INC. rating 68.52 USD. On the day, this instrument lost -3.66% and was between 66.80 USD and 69.50 USD. This implies that the price is at +2.57% from its lowest and at -1.41% from its highest.66.80
69.50
68.52
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VARONIS SYSTEMS INC.:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of VARONIS SYSTEMS INC. in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.78 | 58.30 | 63.96 | 68.52 | 69.34 | 72.79 | 81.90 |
| Change (%) | -22.97% | -14.92% | -6.65% | - | +1.20% | +6.23% | +19.53% |
| Change | -15.74 | -10.22 | -4.56 | - | +0.82 | +4.27 | +13.38 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.65 | 69.55 | 70.34 | 71.24 | 72.03 | 72.93 | 73.72 |
| Camarilla | 70.66 | 70.81 | 70.97 | 71.12 | 71.28 | 71.43 | 71.59 |
| Woodie | 68.59 | 69.52 | 70.28 | 71.21 | 71.97 | 72.90 | 73.66 |
| Fibonacci | 69.55 | 70.20 | 70.60 | 71.24 | 71.89 | 72.29 | 72.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.61 | 62.27 | 66.69 | 73.35 | 77.77 | 84.43 | 88.85 |
| Camarilla | 68.07 | 69.09 | 70.10 | 71.12 | 72.14 | 73.15 | 74.17 |
| Woodie | 54.50 | 61.71 | 65.58 | 72.79 | 76.66 | 83.87 | 87.74 |
| Fibonacci | 62.27 | 66.50 | 69.11 | 73.35 | 77.58 | 80.19 | 84.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.44 | 50.77 | 61.34 | 70.67 | 81.24 | 90.57 | 101.14 |
| Camarilla | 66.44 | 68.26 | 70.09 | 71.91 | 73.73 | 75.56 | 77.38 |
| Woodie | 42.06 | 51.08 | 61.96 | 70.98 | 81.86 | 90.88 | 101.76 |
| Fibonacci | 50.77 | 58.37 | 63.07 | 70.67 | 78.27 | 82.97 | 90.57 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.69 | |
| MACD (12,26,9): | 1.9200 | |
| Directional Movement: | 10.49 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 71.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.00 | |
| Elder Ray (13): | -1.51 | |
| Super Trend (3,10): | 67.15 | |
| Zig ZAG (10): | 68.52 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 32.17 | |
| TEMA (21): | 72.16 | |
| Williams %R (14): | -85.35 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | -3.8100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4500 | |
| Courbe Coppock: | 14.67 |
| MA7: | 70.86 | |
| MA20: | 68.55 | |
| MA50: | 64.48 | |
| MA100: | 64.69 | |
| MAexp7: | 70.39 | |
| MAexp20: | 68.62 | |
| MAexp50: | 66.26 | |
| MAexp100: | 64.54 | |
| Price / MA7: | -3.30% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +6.27% | |
| Price / MA100: | +5.92% | |
| Price / MAexp7: | -2.66% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +3.41% | |
| Price / MAexp100: | +6.17% |
News
Don"t forget to follow the news on VARONIS SYSTEMS INC.. At the time of publication of this analysis, the latest news was as follows:
- Varonis Systems, Inc. to Host Earnings Call
- Investor Network: Varonis Systems, Inc. to Host Earnings Call
- Investor Network: Varonis Systems, Inc. to Host Earnings Call
- ShoreGroup Announces Partnership with Varonis Systems
-
Varonis Systems
This member declared not having a position on this financial instrument or a related financial instrument.
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