VIRAX BIOLABS GROUP LTD (VRAX) Stock Technical Analysis
NASDAQ:VRAX - Nasdaq - KYG9495L1251 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, VRAX is a bad performer in the overall market: 91% of all stocks are doing better.
VRAX is one of the lesser performing stocks in the Health Care Providers & Services industry. 73% of 103 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 0.74 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.
VRAX has a poor technical rating and the quality of the setup is also only medium 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
0.77
1.12
When analyzing the support we notice one important area.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.90 from a trend line in the daily time frame.
- Resistance @0.95 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 | 9.03 | NEGATIVE | VRAX has a low relative strength, it was outperformed by 90.97% 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) | 43.41 | NEUTRAL | The RSI value for VRAX is a neutral value. |
| 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) | 21.26 | NEUTRAL | The Stochastics value for VRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for VRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.46 | POSITIVE | The high ADX value value for VRAX suggests a strong 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)
0.84
+0.05 (+6.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg6.1%
1 Week4.8%
2 Weeks-3.45%
1 Month-14.29%
3 Month-13.89%
6 Month-65.43%
12 Month-31.15%
2 Year-78.82%
3 Year-98.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.13%
ATR Inc12.96%
Range Today0.08
ADR(20)0.07
ADR(20)%7.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.03
Mansfield-5.47
10 Day High0.87
10 Day Low0.74
20 Day High1.04
20 Day Low0.74
52 Week High9
52 Week Low0.74
CS1 EndN/A
CR1 Start0.84
Volume & EV
DER(3)-1.35%
DER(5)-4.68%
Volume31.00K
Volume Incr0.99%
Vol(5)45.28K
Vol(50)56.72K