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Varonis Systems 15min chart triggers KDJ Golden Cross, bullish Marubozu formation.
ByAinvest
Thursday, Oct 2, 2025 10:35 am ET1min read
Varonis Systems' 15-minute chart has triggered a KDJ Golden Cross, accompanied by a bullish Marubozu pattern on October 2, 2023, at 10:30. This development indicates a shift in the momentum of the stock price towards the upside, with a potential for further increase. As buyers maintain control of the market, a continuation of bullish momentum is likely.
On September 12, 2025, Varonis Systems (NASDAQ:VRNS) experienced a notable shift in its technical momentum, as indicated by a KDJ Golden Cross and a bullish Marubozu pattern on October 2, 2023, at 10:30 [1]. This development suggests a potential upward trajectory for the stock, with analysts expressing optimism about the company's future prospects.UBS Group has recently raised its price target for Varonis Systems from $65.00 to $70.00, indicating a potential upside of 17.57% from its previous close [1]. This positive forecast is in line with other analysts' views, with B. Riley, DA Davidson, Wedbush, Robert W. Baird, and Susquehanna also issuing favorable ratings and target prices [1].
Varonis Systems reported $0.03 earnings per share for the last quarter, surpassing analysts' estimates, and achieved a revenue increase of 16.7% year-over-year [1]. Institutional investors hold 95.65% of Varonis Systems' stock, reflecting significant confidence in the company's future prospects [1].
The stock's 15-minute chart, which triggered a KDJ Golden Cross and a bullish Marubozu pattern, suggests that buyers maintain control of the market, potentially leading to a continuation of bullish momentum [1]. This technical signal, combined with the positive analyst forecasts, indicates a favorable outlook for Varonis Systems.
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