VCI Global Ltd [VCIG] moved up 5.53: Why It’s Important

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VCI Global Ltd [NASDAQ: VCIG] gained 5.53% or 0.0 points to close at $0.09 with a heavy trading volume of 18582962 shares.

The daily chart for VCIG points out that the company has recorded -92.33% loss over the past six months.

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If we look at the average trading volume of 4.86M shares, VCIG reached to a volume of 18582962 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Trading performance analysis for VCIG stock

VCI Global Ltd [VCIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -34.04. With this latest performance, VCIG shares dropped by -39.80% in over the last four-week period, additionally sinking by -92.33% over the last 6 months – not to mention a drop of -96.95% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VCIG stock in for the last two-week period is set at 31.29, with the RSI for the last a single of trading hit 28.75, and the three-weeks RSI is set at 31.87 for VCI Global Ltd [VCIG]. The present Moving Average for the last 50 days of trading for this stock 0.1536, while it was recorded at 0.0902 for the last single week of trading, and 0.7312 for the last 200 days.

An analysis of Institutional ownership at VCI Global Ltd [VCIG]