GAXOS.AI INC (GXAI) Stock Technical Analysis
NASDAQ:GXAI - Nasdaq - US62911P3001 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to GXAI. In the past year, GXAI 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.
When comparing the yearly performance of all stocks, GXAI is a bad performer in the overall market: 86% of all stocks are doing better.
GXAI is part of the Entertainment industry. There are 72 other stocks in this industry, of which 74% are performing better than GXAI.
GXAI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GXAI is lagging the market.
GXAI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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.
GXAI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.27
1.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.28 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.46 from a horizontal line in the weekly time frame.
- Resistance @1.49 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 GXAI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXAI is up. |
| ChartMill Relative Strength | 14.2 | NEGATIVE | GXAI has a low relative strength, it was outperformed by 85.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GXAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GXAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GXAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.49 | NEUTRAL | The RSI value for GXAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GXAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.67 | NEUTRAL | The Stochastics value for GXAI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for GXAI suggests high volalility. |
| Average Directional Index/ADX (14) | 34.92 | POSITIVE | The high ADX value value for GXAI suggests a strong 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)
1.45
+0.03 (+2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.11%
1 Week4.32%
2 Weeks16%
1 Month29.46%
3 Month15.08%
6 Month-44.23%
12 Month-60.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.18%
ATR Inc-23.34%
Range Today0.09
ADR(20)0.1
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.2
Mansfield-2.59
10 Day High1.5
10 Day Low1.2
20 Day High1.5
20 Day Low1.07
52 Week High7.5
52 Week Low1
CS1 End1.45
CR1 Start1.46
Volume & EV
DER(3)-18.17%
DER(5)-6.64%
Volume122.40K
Volume Incr-1.59%
Vol(5)123.50K
Vol(50)142.03K