VIRC Technical Analysis - VIRCO MFG CORPORATION

Technical Rating and Analysis

Taking everything into account, VIRC scores 0 out of 10 in our technical rating. VIRC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

92% of all other stocks performed better in the past year than VIRC.

VIRC is one of the lesser performing stocks in the Commercial Services & Supplies industry. 72% of 82 stocks in the same industry do better.

VIRC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month VIRC has a been trading in the 6.65 - 7.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VIRCO MFG CORPORATION / VIRC Weekly stock chart

VIRCO MFG CORPORATION / VIRC Daily stock chart

Setup Rating and Analysis

The technical rating of VIRC is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.33

9.18

When analyzing the support we notice one important area.

A support zone ranging from 7.40 to 7.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @7.49 from a trend line in the weekly time frame.
A resistance zone ranging from 8.13 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.64 from a horizontal line in the daily time frame.
Resistance @9.09 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for VIRC is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for VIRC is neutral.
ChartMill Relative Strength	8.71	NEGATIVE	VIRC has a low relative strength, it was outperformed by 91.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of VIRC is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VIRC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VIRC is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.79	NEUTRAL	The RSI value for VIRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests VIRC has a positive trend.
Stochastics (14,3)	74.07	NEUTRAL	The Stochastics value for VIRC is a neutral value.
Average True Range in percent/ATR (20)	3.43	MEDIUM VOLATILITY	The ATR as a percentage value for VIRC suggests some volalility.
Average Directional Index/ADX (14)	25.31	POSITIVE	The high ADX value value for VIRC suggests a strong trend.