GLIMPSE GROUP INC/THE (VRAR) Stock Technical Analysis
NASDAQ:VRAR - Nasdaq - US37892C1062 - Common Stock - Currency: USD
Overall VRAR gets a technical rating of 9 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 one of the better performing stocks in the IT Services industry, it outperforms 86% of 82 stocks in the same industry.
Looking at the yearly performance, VRAR did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month VRAR has a been trading in the 1.21 - 1.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, VRAR also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.44, a Stop Loss order could be placed below this zone.
More info and screens
1.22
1.67
We found 4 important support areas.
- A support zone ranging from 1.41 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.36 from a trend line in the daily time frame.
- Support @1.30 from a trend line in the weekly time frame.
- Support @1.23 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.61 from a horizontal line in the weekly time frame.
- Resistance @1.65 from a trend 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 | 93 | POSITIVE | VRAR has a high relative strength, it outperformed 93% 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) | 56.95 | NEUTRAL | The RSI value for VRAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VRAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.77 | NEUTRAL | The Stochastics value for VRAR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for VRAR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.6 | 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)
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 |
|---|---|---|---|
| 1.62 | 1.40 | 0.22 (13.58%) | 7.36% |
| An entry @1.62. This is a Buy Stop order right above the resistance zone. | An exit @1.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 13.58%. | For a 1.00% total portfolio risk, you can invest 7.36% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VRAR. Please evaluate whether better entry and exit points can be found.
- 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.
1.59
-0.07 (-4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-4.22%
1 Week6.35%
2 Weeks10.42%
1 Month20.45%
3 Month39.47%
6 Month-21.67%
12 Month72.3%
2 Year-57.14%
3 Year-63.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%8.8%
ATR Inc6.21%
Range Today0.13
ADR(20)0.14
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93
Mansfield1.53
10 Day High1.78
10 Day Low1.34
20 Day High1.78
20 Day Low1.21
52 Week High7
52 Week Low0.5
CS1 End1.44
CR1 Start1.61
Volume & EV
DER(3)-4.24%
DER(5)-5.25%
Volume451.23K
Volume Incr-31%
Vol(5)561.52K
Vol(50)478.48K