VRAX Technical Analysis - VIRAX BIOLABS GROUP LTD

Technical Rating and Analysis

Overall VRAX gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than VRAX.

VRAX is one of the lesser performing stocks in the Health Care Providers & Services industry. 86% of 101 stocks in the same industry do better.

VRAX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month VRAX has a been trading in the 0.52 - 0.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VIRAX BIOLABS GROUP LTD / VRAX Weekly stock chart

VIRAX BIOLABS GROUP LTD / VRAX Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, VRAX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.61

1.12

When analyzing the resistance we notice 4 important areas.

Resistance @0.62 from a trend line in the daily time frame.
A resistance zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @0.70 from a trend line in the daily time frame.
Resistance @1.11 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for VRAX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VRAX is down.
ChartMill Relative Strength	3.28	NEGATIVE	VRAX has a low relative strength, it was outperformed by 96.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of VRAX is above a declining 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)	43.29	NEUTRAL	The RSI value for VRAX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests VRAX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	56.79	NEUTRAL	The Stochastics value for VRAX is a neutral value.
Average True Range in percent/ATR (20)	7.77	HIGH VOLATILITY	The high ATR as a percentage value for VRAX suggests high volalility.
Average Directional Index/ADX (14)	19.85	NEGATIVE	The low ADX value for VRAX suggests a weak or negative trend.