We assign a technical rating of 2 out of 10 to VIR. In the last year, VIR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, VIR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VIR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.70 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.49 from a trend line in the daily time frame.
- A support zone ranging from 5.11 to 5.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.90 to 5.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.10 to 6.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.70 from a horizontal line in the weekly time frame.
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 VIR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VIR is neutral. |
| ChartMill Relative Strength | 11.68 | NEGATIVE | VIR has a low relative strength, it was outperformed by 88.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VIR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VIR is below a declining 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) | 45.58 | NEUTRAL | The RSI value for VIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests VIR has a negative trend. |
| Stochastics (14,3) | 47.46 | NEUTRAL | The Stochastics value for VIR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for VIR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.96 | NEGATIVE | The low ADX value for VIR suggests a weak or negative trend. |
5.85
-0.1 (-1.68%)
VIR BIOTECHNOLOGY INC / VIR FAQ
What is the technical rating for VIR stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for VIR BIOTECHNOLOGY INC?
VIR BIOTECHNOLOGY INC (VIR) has an RSI value of 45.578. 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 neutral.
What are the support and resistance levels for VIR BIOTECHNOLOGY INC (VIR) stock?
VIR BIOTECHNOLOGY INC (VIR) has a support level at 5.76 and a resistance level at 5.9. Check the full technical report for our detailed analysis of VIR support and resistance levels.