VMX Technical Analysis - VERIMATRIX SA

Technical Rating and Analysis

Overall VMX gets a technical rating of 1 out of 10. VMX'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, VMX is a bad performer in the overall market: 96% of all stocks are doing better.

VMX is part of the Software industry. There are 107 other stocks in this industry, of which 66% are performing better than VMX.

VMX 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 VMX has a been trading in the 0.19 - 0.21 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

Setup Rating and Analysis

The technical rating of VMX 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

0.19

0.28

We found 1 important support area.

A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.24 from a trend line in the daily time frame.
A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 VMX.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for VMX.PA is neutral.
ChartMill Relative Strength	4.45	NEGATIVE	VMX.PA has a low relative strength, it was outperformed by 95.55% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VMX.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VMX.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VMX.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.33	NEUTRAL	The RSI value for VMX.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests VMX.PA has a positive trend.
Stochastics (14,3)	43.75	NEUTRAL	The Stochastics value for VMX.PA is a neutral value.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for VMX.PA suggests some volalility.
Average Directional Index/ADX (14)	12.88	NEGATIVE	The low ADX value for VMX.PA suggests a weak or negative trend.