We assign a technical rating of 1 out of 10 to VRAX. VRAX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of VRAX is bad and it also does not present a 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.
0.46
3 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The long term trend for VRAX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRAX is neutral. |
| ChartMill Relative Strength | 5.32 | NEGATIVE | VRAX has a low relative strength, it was outperformed by 94.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VRAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VRAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.55 | NEUTRAL | The RSI value for VRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VRAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.04 | NEUTRAL | The Stochastics value for VRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.9 | HIGH VOLATILITY | The high ATR as a percentage value for VRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for VRAX suggests a strong trend. |
0.4692
-0.06 (-11.32%)
ChartMill assigns a technical rating of 1 / 10 to VRAX.
The current trend direction for VIRAX BIOLABS GROUP LTD (VRAX) is Bearish.
VIRAX BIOLABS GROUP LTD (VRAX) has an RSI value of 46.5472. This indicates that the stock is currently neutral.
The MACD indicator for VIRAX BIOLABS GROUP LTD (VRAX) has a value of 0.0185379, indicating a bearish trend.