<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>VAL stock price: The stock has just broken its long bearish trend as it surged up more than 49% in a single day on the 2nd of October.</a> </li> 
 <li> <span>2</span> <a>The company is posting nil revenues in its quarterly and yearly reports, which is causing it to burn its funds all over the place.</a> </li> 
 <li> <span>3</span> <a>The current stock price is just below the immediate resistance level and it is looking to make a breakout once again</a> </li> 
</ul> 
<p>ValiRx Plc (LON: VAL) has suddenly risen more than 196% in 12 days without making any major announcements or news in the market. The last significant news was the operational review, which was released at the end of this September. However, this operational review showed that its subsidiary, Inaphaea BioLabs, had secured its first revenue-generating contract. That helped the contract progress on time.</p> 
<h2 class="wp-block-heading" id="strong-a-new-laboratory-strong"><strong>A new&nbsp; laboratory&nbsp;</strong></h2> 
<p>In Q4 2022, the biopharmaceutical company announced plans to lease a laboratory facility in the UK to start building tCRO®. Additionally, they have options to purchase advanced technologies or acquire companies to differentiate tCRO® from other industry-standard CROs. Following this period, Inaphaea BioLabs Limited, a wholly-owned subsidiary of ValiRx, was launched.</p> 
<h2 class="wp-block-heading" id="strong-the-bleeding-statements-strong"><strong>The Bleeding Statements</strong></h2> 
<p>The company has reported nil revenues over the years while the operations are bleeding funds all around. For instance, the Earnings before interest and taxes was -£2.59M while the net profit was a negative of £2.37M</p> 
<h3 class="wp-block-heading" id="strong-stock-price-and-performance-strong"><strong>Stock price and performance</strong></h3> 
<p>VAL stock price’s 52-week change shows a decrease of 30.65%, and the S&amp;P500 52-week change increased by 19.27%, indicating an opportunity for growth. The 52-week high is at £19.47 and the low is at £5.10. Currently, the stock is trading at a 50-day moving average of £6.74 and a 150-day moving average of £8.54</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-val-stock-price-strong"><strong>Technical Analysis and Prediction of VAL Stock Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237.png" alt="" class="wp-image-174650" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-237-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=LSE%3AVAL"> TradingView </a>(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>The VAL <a href="https://www.thecoinrepublic.com/2023/09/13/iag-stock-price-half-yearly-reports-overwhelm-the-investors/" target="_blank" rel="noreferrer noopener">stock price</a> has been in a downtrend since the gapdown opening made last December. However, that downtrend was broken just in 5 days. Last Monday, the stock made a sudden surge of more than 49%. Soon after breaking 3 major resistances, the VAL stock price touched a level of £15.</p> 
<p>At the time of this writing, the VAL stock price is at the level of £11.6, just above the immediate resistance of £11.50. The RSI is in its overbought zone of £80, which indicates that the selling pressure is very high. The VAL stock price prediction will be bearish as some corrections will be seen. The most probable zone for the stock will be the immediate consolidation zone as shown in the chart.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The VAL stock suddenly surged more than 196% within 2 weeks without any announcement or news. The bulls have broken major resistance levels during this uptrend. At present, some corrections are predicted, which will send the price down to the current support level.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: £8.8, and £6.1</p> 
<p>Resistance: £11.5, and £14.2</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

VAL Stock Price: Shares Surge 196% in 12 Days, Tempts Investors

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