Taking everything into account, VIR scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VIR is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month VIR has a been trading in the 5.55 - 7.89 range, which is quite wide. It is currently trading near the high of this range.
- VIR has an average volume of 1924270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that VIR is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- VIR is part of the Biotechnology industry. There are 524 other stocks in this industry, VIR did better than 62% of them.
- VIR is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So VIR is doing better than the market!
Although VIR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.57
4 important support areas can be observed.
- A support zone ranging from 7.35 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.12 from a trend line in the daily time frame.
- A support zone ranging from 5.91 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.63 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.72 to 7.79. 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 | 74.79 | POSITIVE | VIR has a high relative strength, it outperformed 74.79% 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) | UP | POSITIVE | The current price of VIR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.94 | NEUTRAL | The RSI value for VIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests VIR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.92 | OVERBOUGHT | The high Stochastics value suggests VIR may be overbought. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for VIR suggests high volalility. |
| Average Directional Index/ADX (14) | 27.08 | POSITIVE | The high ADX value value for VIR suggests a strong trend. |
7.71
+0.27 (+3.63%)
VIR BIOTECHNOLOGY INC / VIR FAQ
What is the technical rating for VIR stock?
ChartMill assigns a technical rating of 8 / 10 to VIR.
What is the current trend direction of VIR BIOTECHNOLOGY INC (VIR) stock?
The current trend direction for VIR BIOTECHNOLOGY INC (VIR) is Bullish.
Can you provide the RSI signal for VIR BIOTECHNOLOGY INC?
VIR BIOTECHNOLOGY INC (VIR) has an RSI value of 63.9428. This indicates that the stock is currently neutral.
What is the short term momentum for VIR stock?
The short term momentum for VIR BIOTECHNOLOGY INC (VIR) is positive.
What are the support and resistance levels for VIR BIOTECHNOLOGY INC (VIR) stock?
VIR BIOTECHNOLOGY INC (VIR) has a support level at 7.43 and a resistance level at 7.72. Check the full technical report for our detailed analysis of VIR support and resistance levels.