ELOXX PHARMACEUTICALS INC (ELOX) Technical Analysis
NASDAQ:ELOX • US29014R2022
Current stock price
ELOX Technical Rating and Analysis
Taking everything into account, ELOX scores 0 out of 10 in our technical rating. ELOX'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ELOX is a bad performer in the overall market: 90% of all stocks are doing better.
- ELOX is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 68% are performing better than ELOX.
- ELOX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELOX is lagging the market.
- In the last month ELOX has a been trading in the 3.79 - 5.99 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.
- Considerably lower volume is observed in the last couple of days.
ELOX Weekly and Daily overview Charts
ELOX Setup Rating and Analysis
The technical rating of ELOX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ELOX Support and Resistance Analysis
3.52
We found 1 important support area.
- Support @3.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @4.23 from a trend line in the daily time frame.
- Resistance @4.81 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.98 to 5.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.80 from a horizontal line in the daily time frame.
- Resistance @7.03 from a horizontal line in the daily time frame.
ELOX 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 ELOX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELOX is down. |
| ChartMill Relative Strength | 10.15 | NEGATIVE | ELOX has a low relative strength, it was outperformed by 89.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELOX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELOX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELOX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.67 | NEUTRAL | The RSI value for ELOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ELOX has a negative trend. |
| Stochastics (14,3) | 4.94 | OVERSOLD | The low Stochastics value suggests ELOX may be oversold. |
| Average True Range in percent/ATR (20) | 11.17 | HIGH VOLATILITY | The high ATR as a percentage value for ELOX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.57 | NEGATIVE | The low ADX value for ELOX suggests a weak or negative trend. |
ELOX Chart- and CandleStick Pattern Analysis
ELOX Technicals: Chart, Performance Metrics, Trend & Indicators
3.82
-0.23 (-5.68%)
ELOXX PHARMACEUTICALS INC / ELOX TA FAQ
What is the ChartMill technical rating of ELOXX PHARMACEUTICALS INC (ELOX) stock?
ChartMill assigns a technical rating of 0 / 10 to ELOX.
Can you provide the trend direction for ELOXX PHARMACEUTICALS INC?
The current trend direction for ELOXX PHARMACEUTICALS INC (ELOX) is Bearish.
What is the RSI signal for ELOX stock?
ELOXX PHARMACEUTICALS INC (ELOX) has an RSI value of 31.6726. This indicates that the stock is currently neutral.
What is the MACD signal for ELOX stock?
The MACD indicator for ELOXX PHARMACEUTICALS INC (ELOX) has a value of -0.0768007, indicating a bearish trend.
What is the short term momentum for ELOXX PHARMACEUTICALS INC (ELOX) stock?
The short term momentum for ELOXX PHARMACEUTICALS INC (ELOX) is negative.