VALEANT PHARMACEUTICALS INTL I (VRX) Technical Analysis
NYSE:VRX • CA91911K1021
Current stock price
VRX Technical Rating and Analysis
Overall VRX gets a technical rating of 7 out of 10. In the last year, VRX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month VRX has a been trading in the 22.56 - 27.11 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- VRX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VRX is performing more or less in line with the market.
- VRX has an average volume of 8815690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, VRX did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
VRX Weekly and Daily overview Charts
VRX Setup Rating and Analysis
VRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
VRX Support and Resistance Analysis
15.23
We found 4 important support areas.
- A support zone ranging from 23.37 to 23.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.81 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.75 from a trend line in the daily time frame.
- Support @15.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.69 to 26.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
VRX 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 | UP | POSITIVE | The long term trend for VRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRX is neutral. |
| ChartMill Relative Strength | 90.59 | POSITIVE | VRX has a high relative strength, it outperformed 90.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.33 | NEUTRAL | The RSI value for VRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests VRX has a negative trend. |
| Stochastics (14,3) | 60.72 | NEUTRAL | The Stochastics value for VRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for VRX suggests some volalility. |
VRX Chart- and CandleStick Pattern Analysis
VRX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.44 | 23.36 | 1.08 (4.42%) | 22.63% |
| An entry @24.44. This is a Buy Stop order right above the 10 day high. | An exit @23.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.08 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VRX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
VRX Technicals: Chart, Performance Metrics, Trend & Indicators
23.4
-0.83 (-3.43%)
VALEANT PHARMACEUTICALS INTL I / VRX TA FAQ
What is the technical rating for VRX stock?
ChartMill assigns a technical rating of 6 / 10 to VRX.
Can you provide the trend direction for VALEANT PHARMACEUTICALS INTL I?
The current trend direction for VALEANT PHARMACEUTICALS INTL I (VRX) is Bullish.
What is the RSI signal for VRX stock?
VALEANT PHARMACEUTICALS INTL I (VRX) has an RSI value of 49.3309. This indicates that the stock is currently neutral.
What is the MACD signal for VRX stock?
The MACD indicator for VALEANT PHARMACEUTICALS INTL I (VRX) has a value of -0.0828363, indicating a bearish trend.
What is the short term momentum for VRX stock?
The short term momentum for VALEANT PHARMACEUTICALS INTL I (VRX) is neutral.