VIRTUS GLOBAL MULTI-SECTOR (VGI) Stock Technical Analysis
NYSE:VGI • US92829B1017
We assign a technical rating of 3 out of 10 to VGI. In the past year, VGI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 66% of all other stocks performed better in the past year than VGI.
- VGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VGI is lagging the market slightly.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month VGI has a been trading in a tight range between 7.83 and 8.04.
Although the technical rating is bad, VGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.79, a Stop Loss order could be placed below this zone.
More info and screens
7.17
3 important support areas can be observed.
- A support zone ranging from 7.73 to 7.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.54 from a horizontal line in the daily time frame.
- Support @7.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.85 to 8.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for VGI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VGI is neutral. |
| ChartMill Relative Strength | 34.23 | NEUTRAL | VGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VGI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VGI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VGI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.53 | NEUTRAL | The RSI value for VGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VGI has a negative trend. |
| Stochastics (14,3) | 8.64 | OVERSOLD | The low Stochastics value suggests VGI may be oversold. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for VGI suggests low volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for VGI suggests a weak or negative trend. |
7.84
0 (-0.06%)
VIRTUS GLOBAL MULTI-SECTOR / VGI FAQ
What is the ChartMill technical rating of VIRTUS GLOBAL MULTI-SECTOR (VGI) stock?
ChartMill assigns a technical rating of 3 / 10 to VGI.
What is the current trend direction of VIRTUS GLOBAL MULTI-SECTOR (VGI) stock?
The current trend direction for VIRTUS GLOBAL MULTI-SECTOR (VGI) is Bearish.
Can you provide the RSI signal for VIRTUS GLOBAL MULTI-SECTOR?
VIRTUS GLOBAL MULTI-SECTOR (VGI) has an RSI value of 44.5286. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VIRTUS GLOBAL MULTI-SECTOR?
The short term momentum for VIRTUS GLOBAL MULTI-SECTOR (VGI) is neutral.
What are the support and resistance levels for VIRTUS GLOBAL MULTI-SECTOR (VGI) stock?
VIRTUS GLOBAL MULTI-SECTOR (VGI) has a support level at 7.79 and a resistance level at 7.85. Check the full technical report for our detailed analysis of VGI support and resistance levels.