Bollinger Band Analysis Review of Varian Medical Systems, Inc. (NYSE:VAR)

90

Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Varian Medical Systems, Inc. (NYSE:VAR) for the period of 9-Day stands at 86.02% while the stochastic %D for the same period stands at 75.86%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Varian Medical Systems, Inc. (NYSE:VAR) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Varian Medical Systems, Inc. (NYSE:VAR) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Varian Medical Systems, Inc. (NYSE:VAR)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Varian Medical Systems, Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. It supplies tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems, Inc. is headquartered in Palo Alto, California.

Previous Day Activity Analysis

On the last trading day, Varian Medical Systems, Inc. (NYSE:VAR) opened the session at $102.81 and after going up 0.13% closed at $102.83. The stock gained 0.02 points in the last trade.

Varian Medical Systems, Inc. (NYSE:VAR)’s stock fluctuated in the range of $102.33 and $103.57 during the previous active session. Varian Medical Systems, Inc. (NYSE:VAR) traded with the volume of 1.1 Million with average volume of 731.46 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.64 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.49 and 53.06 respectively.

Currently the Insider Ownership of the shares of Varian Medical Systems, Inc. (NYSE:VAR) is at 0.2% and the shares outstanding are 91.7 Million.

Important Ratio Analysis

Some important ratios to consider here for Varian Medical Systems, Inc. (NYSE:VAR) are discussed below:

Dividend yield of Varian Medical Systems, Inc. (NYSE:VAR) stands at 0% whereas Price to Earnings P/E ratio stands at 33.04 while Forward P/E shows the value of 23.17.

The PEG ratio (Price to Earning to Growth) emits the value of 3.3. The Price to Sale P/S and Price to Book P/B shows the value of 3.32 and 6.78 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 14.33 and 26.08 correspondingly.

The Quick Ratio of Varian Medical Systems, Inc. (NYSE:VAR) stands at 1.3 while the Current Ratio depicts the value of 1.6.

Return on Assets ROA of Varian Medical Systems, Inc. (NYSE:VAR) is at 8.3% whereas, Return on Equity ROE and Return of Investment ROI of Varian Medical Systems, Inc. (NYSE:VAR) stand at 18.5% and 16.5% respectively.

Stock Performance Analysis

The stock performance of Varian Medical Systems, Inc. (NYSE:VAR) on the basis of 5 day trade show the jump of 2.45% whereas, the monthly performance of the stock shows decrease of -3.29%.

The quarterly performance of the stock remained in red zone with the value of -2.44% while six month performance of the shares of Varian Medical Systems, Inc. (NYSE:VAR) remained bullish with the count of 16.31%.

The yearly and YTD performance of Varian Medical Systems, Inc. (NYSE:VAR) remained up at 21.26% and 29.34% respectively.