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Technicals for Varroc Engineering Limited
By MusingTheNews
2026-02-03 21:01
Overall Technical outlook
Price Summary
Varroc Engineering Limited's stock began trading at 561.7 on 2026-02-02, soared to 577.55, dipped to 555.1, and finished the day 1.34% higher at 569.25, with 124764 shares exchanged. For the 52-week period, the stock's highest price is 669.95, and the lowest price is 400.9. According to 5 analysts, the future price is anticipated to vary between 550.0 and 750.0, with an average expected price of around 646.4.
Technicals
Support and Resistance: The price of 569.25 is supported at 563.4 and faces resistance at 602.1. This range suggests key levels for VARROC where the price may stabilize, with 563.4 acting as a support and 602.1 as a cap on gains. Support/Resistance for VARROC
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for Varroc Engineering Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Varroc Engineering Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum. Parabolic Stop and Reverse chart for Varroc Engineering Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Varroc Engineering Limited
Tripple Moving Agerage: A bullish trend is evident from the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages indicate a potential reversal for VARROC. The weakening signals from the shorter-term averages suggest that the upward momentum may be fading, signaling the possibility of an impending change in trend. Tripple SMA chart for Varroc Engineering Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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