ERNA Technical Analysis - ERNEXA THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ERNA. ERNA'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, ERNA is a bad performer in the overall market: 99% of all stocks are doing better.

ERNA is one of the lesser performing stocks in the Biotechnology industry. 88% of 538 stocks in the same industry do better.

ERNA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ERNA has a been trading in the 1.09 - 1.57 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ERNEXA THERAPEUTICS INC / ERNA Weekly stock chart

ERNEXA THERAPEUTICS INC / ERNA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ERNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.11

1.23

We can see 2 important resistance areas.

A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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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 ERNA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ERNA is down.
ChartMill Relative Strength	1.15	NEGATIVE	ERNA has a low relative strength, it was outperformed by 98.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ERNA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ERNA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ERNA is below a declining SMA(200).
Relative Strength Index/RSI (14)	35.46	NEUTRAL	The RSI value for ERNA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ERNA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	6.16	OVERSOLD	The low Stochastics value suggests ERNA may be oversold.
Average True Range in percent/ATR (20)	11.86	HIGH VOLATILITY	The high ATR as a percentage value for ERNA suggests high volalility.
Average Directional Index/ADX (14)	18.17	NEGATIVE	The low ADX value for ERNA suggests a weak or negative trend.