HOMOLOGY MEDICINES INC (FIXX) Stock Technical Analysis
USA - NASDAQ:FIXX - US4380831077 - Common Stock
Overall FIXX gets a technical rating of 8 out of 10. FIXX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
FIXX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.94. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FIXX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.66 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for FIXX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FIXX is up. |
| ChartMill Relative Strength | 81.09 | POSITIVE | FIXX has a high relative strength, it outperformed 81.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FIXX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FIXX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FIXX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.98 | NEUTRAL | The RSI value for FIXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FIXX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.92 | NEUTRAL | The Stochastics value for FIXX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for FIXX suggests high volalility. |
| Average Directional Index/ADX (14) | 53.57 | POSITIVE | The high ADX value value for FIXX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.96 | 0.90 | 0.06 (6.25%) | 16.00% |
| An entry @0.96. This is a Buy Stop order right above the resistance zone. | An exit @0.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 6.25%. | When investing 16.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FIXX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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HOMOLOGY MEDICINES INC / FIXX FAQ
What is the technical rating for FIXX stock?
ChartMill assigns a technical rating of 8 / 10 to FIXX.
What is the trend direction for FIXX stock?
The current trend direction for HOMOLOGY MEDICINES INC (FIXX) is Bullish.
Can you provide the RSI signal for HOMOLOGY MEDICINES INC?
HOMOLOGY MEDICINES INC (FIXX) has an RSI value of 65.9753. This indicates that the stock is currently neutral.
What is the buy/sell signal for FIXX stock?
The buy/sell signal for HOMOLOGY MEDICINES INC (FIXX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for HOMOLOGY MEDICINES INC (FIXX) stock?
HOMOLOGY MEDICINES INC (FIXX) has a support level at 0.92 and a resistance level at 0.94. Check the full technical report for our detailed analysis of FIXX support and resistance levels.