VARONIS SYSTEMS INC. - Daily - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 72.69 USD
My targets
81.90 USD (+6.59%)
My analysis
VARONIS SYSTEMS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 72.69 USD. The next resistance located at 81.90 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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
The VARONIS SYSTEMS INC. rating is 76.84 USD. The price registered an increase of +1.03% on the session and was traded between 75.32 USD and 77.14 USD over the period. The price is currently at +2.02% from its lowest and -0.39% from its highest.75.32
77.14
76.84
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VARONIS SYSTEMS INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 58.40 | 67.82 | 72.69 | 76.84 | 81.90 |
| Change (%) | -24.00% | -11.74% | -5.40% | - | +6.59% |
| Change | -18.44 | -9.02 | -4.15 | - | +5.06 |
| Level | Major | Minor | 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 | 73.91 | 74.61 | 75.33 | 76.03 | 76.75 | 77.45 | 78.17 |
| Camarilla | 75.67 | 75.80 | 75.93 | 76.06 | 76.19 | 76.32 | 76.45 |
| Woodie | 73.93 | 74.62 | 75.35 | 76.04 | 76.77 | 77.46 | 78.19 |
| Fibonacci | 74.61 | 75.15 | 75.48 | 76.03 | 76.57 | 76.90 | 77.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.53 | 70.91 | 73.00 | 74.38 | 76.47 | 77.85 | 79.94 |
| Camarilla | 74.13 | 74.44 | 74.76 | 75.08 | 75.40 | 75.72 | 76.03 |
| Woodie | 69.88 | 71.09 | 73.35 | 74.56 | 76.82 | 78.03 | 80.28 |
| Fibonacci | 70.91 | 72.24 | 73.06 | 74.38 | 75.71 | 76.53 | 77.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.54 | 51.12 | 61.34 | 67.92 | 78.14 | 84.72 | 94.94 |
| Camarilla | 66.93 | 68.47 | 70.01 | 71.55 | 73.09 | 74.63 | 76.17 |
| Woodie | 46.35 | 52.03 | 63.15 | 68.83 | 79.95 | 85.63 | 96.75 |
| Fibonacci | 51.12 | 57.54 | 61.51 | 67.92 | 74.34 | 78.31 | 84.72 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 77.33 | |
| MACD (12,26,9): | 2.8600 | |
| Directional Movement: | 19.16 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 76.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 71.92 | |
| Elder Ray (13): | 1.99 | |
| Super Trend (3,10): | 70.65 | |
| Zig ZAG (10): | 76.84 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 90.78 | |
| TEMA (21): | 77.73 | |
| Williams %R (14): | -4.52 | |
| Chande Momentum Oscillator (20): | 4.63 | |
| Repulse (5,40,3): | 1.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6200 | |
| Courbe Coppock: | 15.77 |
| MA7: | 75.62 | |
| MA20: | 73.08 | |
| MA50: | 66.42 | |
| MA100: | 67.21 | |
| MAexp7: | 75.55 | |
| MAexp20: | 72.71 | |
| MAexp50: | 69.10 | |
| MAexp100: | 67.12 | |
| Price / MA7: | +1.61% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | +15.69% | |
| Price / MA100: | +14.33% | |
| Price / MAexp7: | +1.71% | |
| Price / MAexp20: | +5.68% | |
| Price / MAexp50: | +11.20% | |
| Price / MAexp100: | +14.48% |
News
The latest news and videos published on VARONIS SYSTEMS INC. at the time of the analysis were 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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