VIRAX BIOLABS GROUP LTD (VRAX) Stock Technical Analysis
USA - NASDAQ:VRAX - KYG9495L1251 - Common Stock
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.
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
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When analyzing the resistance we notice 4 important areas.
- Resistance @0.60 from a horizontal line in the daily time frame.
- Resistance @0.63 from a trend line in the daily time frame.
- Resistance @0.81 from a trend line in the daily time frame.
- Resistance @1.11 from a horizontal 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 | 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 | 2.67 | NEGATIVE | VRAX has a low relative strength, it was outperformed by 97.33% 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) | 33.29 | NEUTRAL | The RSI value for VRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VRAX has a negative trend. |
| Stochastics (14,3) | 7.91 | OVERSOLD | The low Stochastics value suggests VRAX may be oversold. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for VRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.35 | NEGATIVE | The low ADX value for VRAX suggests a weak or negative trend. |
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-0.02 (-3.91%)
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.
Can you provide the trend direction for VIRAX BIOLABS GROUP LTD?
The current trend direction for VIRAX BIOLABS GROUP LTD (VRAX) is Bearish.
What is the RSI signal for VRAX stock?
VIRAX BIOLABS GROUP LTD (VRAX) has an RSI value of 33.2901. This indicates that the stock is currently neutral.
What is the MACD signal for VRAX stock?
The MACD indicator for VIRAX BIOLABS GROUP LTD (VRAX) has a value of -0.00657631, indicating a bearish trend.
What is the buy/sell signal for VIRAX BIOLABS GROUP LTD (VRAX) stock?
The buy/sell signal for VIRAX BIOLABS GROUP LTD (VRAX) is sell as both the short term and long term trends are negative.