Taking everything into account, VIR scores 8 out of 10 in our technical rating. Although VIR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
VIR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.73. Right above this resistance zone may be a good entry point.
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5.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.50 to 6.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.90 to 6.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.47 to 5.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.73 to 6.79. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for VIR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIR is up. |
| ChartMill Relative Strength | 72.69 | POSITIVE | VIR has a high relative strength, it outperformed 72.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VIR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VIR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.66 | NEUTRAL | The RSI value for VIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests VIR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.4 | NEUTRAL | The Stochastics value for VIR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for VIR suggests high volalility. |
| Average Directional Index/ADX (14) | 27.64 | POSITIVE | The high ADX value value for VIR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.80 | 6.49 | 0.31 (4.56%) | 21.94% |
| An entry @6.80. This is a Buy Stop order right above the resistance zone. | An exit @6.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 4.56%. | When investing 21.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of VIR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.72
+0.03 (+0.45%)
VIR BIOTECHNOLOGY INC / VIR FAQ
What is the technical rating for VIR stock?
ChartMill assigns a technical rating of 8 / 10 to VIR.
Can you provide the trend direction for VIR BIOTECHNOLOGY INC?
The current trend direction for VIR BIOTECHNOLOGY INC (VIR) is Bullish.
What is the RSI signal for VIR stock?
VIR BIOTECHNOLOGY INC (VIR) has an RSI value of 60.6572. This indicates that the stock is currently neutral.
What is the MACD signal for VIR BIOTECHNOLOGY INC (VIR) stock?
The MACD indicator for VIR BIOTECHNOLOGY INC (VIR) has a value of 0.0441539, indicating a bearish trend.
What is the support and resistance level for VIR stock?
VIR BIOTECHNOLOGY INC (VIR) has a support level at 6.54 and a resistance level at 6.73. Check the full technical report for our detailed analysis of VIR support and resistance levels.