pool adsWhen Varian Medical Systems $VAR Moves Investors should Listen
How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Varian Medical Systems (NYSE: VAR) report below is a real world example. Included are trading plans for VAR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 0 | 0 | 181.72 |
| P2 | 176.71 | 176.44 | 194.72 |
| P3 | 0 | 176.71 | 205.42 |
Support and Resistance Plot Chart for VAR
Long Term Trading Plans for VAR
March 31, 2021, 1:00 am ET
The Technical Summary and Trading Plans for VAR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VAR Report.
VAR - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
VAR - (Short) Resistance Plan
The technical summary data is suggesting a short of VAR as it gets near 181.72, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 182.24. 181.72 is the first level of resistance above 176.93, and by rule, any test of resistance is a short signal. In this case, if resistance 181.72 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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