Global X Metaverse ETF (VR) Stock Technical Analysis
NASDAQ:VR - Nasdaq - US37960A8348 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to VR. Both in the recent history as in the last year, VR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: VR has an average volume of 1072 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, VR did better than 72% of all other stocks. On top of that, VR also shows a nice and consistent pattern of rising prices.
VR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VR is lagging the market slightly.
In the last month VR has a been trading in a tight range between 25.18 and 25.79.
Besides having an excellent technical rating, VR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.57, a Stop Loss order could be placed below this zone.
More info and screens
20.19
26.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.08 to 25.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.61 from a horizontal line in the daily time frame.
- Support @21.95 from a trend line in the weekly time frame.
- Support @20.39 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.72 to 26.35. 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 VR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VR is up. |
| ChartMill Relative Strength | 72.04 | POSITIVE | VR has a high relative strength, it outperformed 72.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.97 | NEUTRAL | The RSI value for VR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.64 | NEUTRAL | The Stochastics value for VR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for VR suggests low volalility. |
| Average Directional Index/ADX (14) | 10.72 | NEGATIVE | The low ADX value for VR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 25.65 | 25.51 | 0.14 (0.54%) | 25.00% |
| An entry @25.65. This is a Buy Stop order right above the 10 day high. | An exit @25.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.14 points, which is 0.54%. | For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NASDAQ:VR (2/16/2024, 8:00:01 PM)
25.61
+0.06 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.23%
1 Week0.23%
2 Weeks0.27%
1 Month1.99%
3 Month5.61%
6 Month16.52%
12 Month19.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.4%
ATR Inc-53.76%
Range Today0.06
ADR(20)0.07
ADR(20)%0.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.04
Mansfield-0.42
10 Day High25.64
10 Day Low25.52
20 Day High25.79
20 Day Low25.18
52 Week High26.36
52 Week Low20.38
CS1 End25.57
CR1 Start25.72
Volume & EV
DER(3)0%
DER(5)0%
Volume1.10K
Volume Incr-4.84%
Vol(5)1.18K
Vol(50)1.07K