VCI Global Ltd [VCIG] Stock trading around $0.08 per share: What’s Next?

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VCI Global Ltd [NASDAQ: VCIG] closed the trading session at $0.08.

The stocks have a year to date performance of -96.32 percent and weekly performance of -7.25 percent. The stock has been moved at -92.89 percent over the last six months. The stock has performed -47.61 percent around the most recent 30 days and changed -74.70 percent over the most recent 3-months.

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If compared to the average trading volume of 6.20M shares, VCIG reached to a volume of 20682354 in the most recent trading day, which is why market watchdogs consider the stock to be active.

VCIG stock trade performance evaluation

VCI Global Ltd [VCIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.25. With this latest performance, VCIG shares dropped by -47.61% in over the last four-week period, additionally sinking by -92.89% over the last 6 months – not to mention a drop of -96.94% 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 32.42, with the RSI for the last a single of trading hit 30.60, and the three-weeks RSI is set at 32.69 for VCI Global Ltd [VCIG]. The present Moving Average for the last 50 days of trading for this stock 0.1426, while it was recorded at 0.0929 for the last single week of trading, and 0.6851 for the last 200 days.

VCI Global Ltd [VCIG]: Institutional Ownership