GLIMPSE GROUP INC/THE (VRAR) Stock Technical Analysis
NASDAQ:VRAR - Nasdaq - US37892C1062 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to VRAR. VRAR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
VRAR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VRAR is lagging the market.
Both the short term and long term trends are positive. This is a very positive sign.
VRAR is part of the IT Services industry. There are 82 other stocks in this industry. VRAR outperforms 83% of them.
In the last month VRAR has a been trading in the 1.10 - 1.76 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that VRAR is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Volume is considerably higher in the last couple of days.
Although VRAR 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
1.09
1.77
3 important support areas can be observed.
- Support @1.31 from a trend line in the daily time frame.
- Support @1.16 from a trend line in the weekly time frame.
- Support @1.10 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.75 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for VRAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRAR is up. |
| ChartMill Relative Strength | 91.95 | POSITIVE | VRAR has a high relative strength, it outperformed 91.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.48 | NEUTRAL | The RSI value for VRAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VRAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.56 | OVERBOUGHT | The high Stochastics value suggests VRAR may be overbought. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for VRAR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.96 | POSITIVE | The high ADX value value for VRAR suggests a strong 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)
1.64
-0.1 (-5.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-5.75%
1 Week4.46%
2 Weeks19.71%
1 Month43.86%
3 Month23.31%
6 Month124.14%
12 Month46.43%
2 Year-53.93%
3 Year-58.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%8.02%
ATR Inc0.26%
Range Today0.13
ADR(20)0.13
ADR(20)%8.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.95
Mansfield2.92
10 Day High1.76
10 Day Low1.25
20 Day High1.76
20 Day Low1.1
52 Week High7
52 Week Low0.5
CS1 End1.31
CR1 Start1.75
Volume & EV
DER(3)3.34%
DER(5)2.12%
Volume310.80K
Volume Incr39.81%
Vol(5)209.02K
Vol(50)144.33K