Question 1

What implications does the 10-day RSI indicator have for VREX?

Accepted Answer

The RSI Indicator for VREX moved out of oversold territory on August 13, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 43 similar instances when the indicator left oversold territory. In 30 of the 43 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about VREX's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 3

How did VREX's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on VREX as a result. In 58 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for VREX?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for VREX just turned positive on August 19, 2024. Looking at past instances where VREX's MACD turned positive, the stock continued to rise in 30 of 43 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for VREX?

Accepted Answer

VREX moved below its 50-day moving average on July 31, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What does a 3-day price advance indicate for VREX?

Accepted Answer

Following a +0.40% 3-day Advance, the price is estimated to grow further. Considering data from situations where VREX advanced for three days, in 193 of 306 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for VREX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VREX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.

Question 8

What does VREX breaking above its upper Bollinger Band indicate?

Accepted Answer

VREX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

VREX Stock Varex Imaging (VREX, $14.97) RSI Indicator left the oversold zone on May 17, 2024

VREX's RSI Oscillator climbs out of oversold territory

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