GLIMPSE GROUP INC/THE (VRAR) Stock Technical Analysis
USA - NASDAQ:VRAR - US37892C1062 - Common Stock
1.5 USD
-0.01 (-0.66%)
1.45 USD
-0.05 (-3.33%)
Overall VRAR gets a technical rating of 3 out of 10. Although VRAR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
VRAR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month VRAR has a been trading in the 1.40 - 1.85 range, which is quite wide. It is currently trading near the lows of this range.
VRAR is one of the better performing stocks in the IT Services industry, it outperforms 90% of 86 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that VRAR is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although the technical rating is bad, VRAR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.50, a Stop Loss order could be placed below this zone.
More info and screens
1.24
1.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.45 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.42 from a trend line in the daily time frame.
- Support @1.38 from a trend line in the weekly time frame.
- Support @1.33 from a horizontal line in the weekly time frame.
- Support @1.25 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.65 from a horizontal line in the daily time frame.
- Resistance @1.79 from a trend line in the daily time frame.
- Resistance @1.84 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 | NEUTRAL | NEUTRAL | The long term trend for VRAR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRAR is down. |
| ChartMill Relative Strength | 93.97 | POSITIVE | VRAR has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRAR is below a declining 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) | DOWN | MIXED | The current price of VRAR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.75 | NEUTRAL | The RSI value for VRAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests VRAR has a negative trend. |
| Stochastics (14,3) | 28.46 | NEUTRAL | The Stochastics value for VRAR is a neutral value. |
| Average True Range in percent/ATR (20) | 10.57 | HIGH VOLATILITY | The high ATR as a percentage value for VRAR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for VRAR suggests a possible start of a new 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)
1.5
-0.01 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.66%
1 Week2.74%
2 Weeks-13.79%
1 Month-9.64%
3 Month-2.6%
6 Month47.06%
12 Month134.38%
2 Year59.57%
3 Year-67.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%10.57%
ATR Inc-55.16%
Range Today0.07
ADR(20)0.16
ADR(20)%10.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield-0.55
10 Day High1.79
10 Day Low1.43
20 Day High1.85
20 Day Low1.4
52 Week High7
52 Week Low0.5
CS1 End1.5
CR1 Start1.61
Volume & EV
DER(3)-7.71%
DER(5)-2.87%
Volume105.60K
Volume Incr-50.74%
Vol(5)156.16K
Vol(50)207.68K