We assign a technical rating of 0 out of 10 to VRAX. VRAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, VRAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.39
We can see 2 important resistance areas.
- Resistance @0.63 from a trend line in the daily time frame.
- A resistance zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines 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 | 3.82 | NEGATIVE | VRAX has a low relative strength, it was outperformed by 96.18% 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) | 40.38 | 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) | 1.54 | OVERSOLD | The low Stochastics value suggests VRAX may be oversold. |
| Average True Range in percent/ATR (20) | 18.34 | HIGH VOLATILITY | The high ATR as a percentage value for VRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for VRAX suggests a possible start of a new trend. |
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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 40.3758. 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 -0.00921082, 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.