GNPX Technical Analysis - GENPREX INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to GNPX. In the past year, GNPX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

92% of all other stocks performed better in the past year than GNPX.

GNPX is part of the Biotechnology industry. There are 540 other stocks in this industry, of which 65% are performing better than GNPX.

GNPX 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.

GNPX has an average volume of 10182600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

In the last month GNPX has a been trading in the 0.14 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of GNPX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.17

0.30

When analyzing the support we notice one important area.

Support @0.17 from a trend line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.27 from a trend line in the daily time frame.
A resistance zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @0.30 from a horizontal line 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 GNPX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GNPX is up.
ChartMill Relative Strength	8.98	NEGATIVE	GNPX has a low relative strength, it was outperformed by 91.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GNPX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of GNPX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GNPX is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.06	NEUTRAL	The RSI value for GNPX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests GNPX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	42.86	NEUTRAL	The Stochastics value for GNPX is a neutral value.
Average True Range in percent/ATR (20)	16.6	HIGH VOLATILITY	The high ATR as a percentage value for GNPX suggests high volalility.
Average Directional Index/ADX (14)	30.46	POSITIVE	The high ADX value value for GNPX suggests a strong trend.