EAGLE PHARMACEUTICALS INC (EGRX) Technical Analysis
NASDAQ:EGRX • US2697961082
Current stock price
EGRX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to EGRX. EGRX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, EGRX is a bad performer in the overall market: 99% of all stocks are doing better.
- EGRX is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 88% are performing better than EGRX.
- EGRX is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so EGRX is lagging the market.
- In the last month EGRX has a been trading in the 1.80 - 4.87 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
EGRX Weekly and Daily overview Charts
EGRX Setup Rating and Analysis
The technical rating of EGRX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
EGRX Support and Resistance Analysis
2.12
We found 1 important resistance area.
- Resistance @5.24 from a horizontal line in the daily time frame.
EGRX 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 | DOWN | NEGATIVE | The long term trend for EGRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGRX is down. |
| ChartMill Relative Strength | 1.52 | NEGATIVE | EGRX has a low relative strength, it was outperformed by 98.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EGRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.52 | OVERSOLD | The low RSI value suggests EGRX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EGRX has a negative trend. |
| Stochastics (14,3) | 12.91 | OVERSOLD | The low Stochastics value suggests EGRX may be oversold. |
| Average True Range in percent/ATR (20) | 20.83 | HIGH VOLATILITY | The high ATR as a percentage value for EGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.49 | NEGATIVE | The low ADX value for EGRX suggests a weak or negative trend. |
EGRX Chart- and CandleStick Pattern Analysis
EGRX Technicals: Chart, Performance Metrics, Trend & Indicators
2.14
-1.42 (-39.89%)
EAGLE PHARMACEUTICALS INC / EGRX TA FAQ
What is the technical rating for EGRX stock?
ChartMill assigns a technical rating of 0 / 10 to EGRX.
What is the current trend direction of EAGLE PHARMACEUTICALS INC (EGRX) stock?
The current trend direction for EAGLE PHARMACEUTICALS INC (EGRX) is Bearish.
What is the RSI signal for EGRX stock?
EAGLE PHARMACEUTICALS INC (EGRX) has an RSI value of 20.5245. This indicates that the stock is currently oversold.
What is the short term momentum for EAGLE PHARMACEUTICALS INC (EGRX) stock?
The short term momentum for EAGLE PHARMACEUTICALS INC (EGRX) is negative.
What is the support and resistance level for EGRX stock?
EAGLE PHARMACEUTICALS INC (EGRX) has a resistance level at 5.24. Check the full technical report for our detailed analysis of EGRX support and resistance levels.