ELOXX PHARMACEUTICALS INC (ELOX) Stock Technical Analysis
NASDAQ:ELOX - Nasdaq - US29014R2022 - Common Stock - Currency: USD
Overall ELOX gets a technical rating of 0 out of 10. 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.
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, ELOX is a bad performer in the overall market: 90% of all stocks are doing better.
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.
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
3.52
7.10
We found 1 important support area.
- Support @3.56 from a horizontal line in the weekly time frame.
We can see 5 important resistance 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.82
-0.23 (-5.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-5.68%
1 Week-11.57%
2 Weeks-20.58%
1 Month-35.03%
3 Month-52.07%
6 Month-50.9%
12 Month-40.31%
2 Year-93.03%
3 Year-96.23%
5 Year-99.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%11.17%
ATR Inc6.2%
Range Today0.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.15
Mansfield-2.4
10 Day High5.18
10 Day Low3.79
20 Day High5.99
20 Day Low3.79
52 Week High10.9
52 Week Low1.7
CS1 End3.56
CR1 Start4.23
Volume & EV
DER(3)0.35%
DER(5)2.9%
Volume92.70K
Volume Incr14.8%
Vol(5)32.26K
Vol(50)52.62K