VRAR Technical Analysis - GLIMPSE GROUP INC/THE

Technical Rating and Analysis

Overall VRAR gets a technical rating of 8 out of 10. Both in the recent history as in the last year, VRAR has proven to be a steady performer, scoring decent points in every aspect analyzed.

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.

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 87 other stocks in this industry. VRAR outperforms 86% of them.

In the last month VRAR has a been trading in the 1.32 - 1.81 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 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLIMPSE GROUP INC/THE / VRAR Weekly stock chart

GLIMPSE GROUP INC/THE / VRAR Daily stock chart

Setup Rating and Analysis

Although VRAR has an excellent technical rating, it does not offer a high 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

1.24

1.68

When analyzing the support we can see 3 important areas.

A support zone ranging from 1.47 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 1.35 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.25 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @1.66 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	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	93.47	POSITIVE	VRAR has a high relative strength, it outperformed 93.47% 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)	DOWN	MIXED	The current price of VRAR is above a declining 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)	57.14	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)	80.05	OVERBOUGHT	The high Stochastics value suggests VRAR may be overbought.
Average True Range in percent/ATR (20)	7.47	HIGH VOLATILITY	The high ATR as a percentage value for VRAR suggests high volalility.
Average Directional Index/ADX (14)	27.84	POSITIVE	The high ADX value value for VRAR suggests a strong trend.