In its most recent trading session, Varonis Systems, Inc. (NASDAQ:VRNS) spiked up by 0.5% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.05, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.142, an Accumulation/Distribution Index (ADI) of 1.142, an On-Balance Volume (OBV) of 840.895, and a Chaiikin Money Flow (CMF) of 78.05. 3.526
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of Varonis Systems, Inc. (NASDAQ:VRNS). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.