VIRAX BIOLABS GROUP LTD (VRAX) Stock Technical Analysis
NASDAQ:VRAX • KYG9495L1251
Taking everything into account, VRAX scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, VRAX is a bad performer in the overall market: 99% of all stocks are doing better.
- VRAX is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 85% are performing better than VRAX.
- VRAX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month VRAX has a been trading in the 0.20 - 0.33 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- VRAX has an average volume of 6421240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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.
More info and screens
0.20
When analyzing the resistance we notice one important area.
- Resistance @0.25 from a trend line in the weekly 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 | 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 | 1.71 | NEGATIVE | VRAX has a low relative strength, it was outperformed by 98.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRAX is below 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) | 27.28 | OVERSOLD | The low RSI value suggests VRAX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VRAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.35 | OVERSOLD | The low Stochastics value suggests VRAX may be oversold. |
| Average True Range in percent/ATR (20) | 11.21 | HIGH VOLATILITY | The high ATR as a percentage value for VRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for VRAX suggests a weak or negative trend. |
0.2066
0 (-1.2%)
VIRAX BIOLABS GROUP LTD / VRAX FAQ
Can you provide the ChartMill technical rating for VIRAX BIOLABS GROUP LTD?
ChartMill assigns a technical rating of 0 / 10 to VRAX.
What is the trend direction for VRAX stock?
The current trend direction for VIRAX BIOLABS GROUP LTD (VRAX) is Bearish.
Can you provide the RSI signal for VIRAX BIOLABS GROUP LTD?
VIRAX BIOLABS GROUP LTD (VRAX) has an RSI value of 27.283. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for VIRAX BIOLABS GROUP LTD?
The buy/sell signal for VIRAX BIOLABS GROUP LTD (VRAX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for VIRAX BIOLABS GROUP LTD?
VIRAX BIOLABS GROUP LTD (VRAX) has a resistance level at 0.25. Check the full technical report for our detailed analysis of VRAX support and resistance levels.