INCANNEX HEALTHCARE INC (IXHL) Stock Technical Analysis
NASDAQ:IXHL - Nasdaq - US45333F1093 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to IXHL. Recently some decent action could be observed, but in the medium term time frame this is still negative. IXHL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, IXHL is a bad performer in the overall market: 96% of all stocks are doing better.
IXHL is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 77% are performing better than IXHL.
IXHL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IXHL has a been trading in the 0.20 - 0.66 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IXHL has an average volume of 108076000 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IXHL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.60
0.92
We found 1 important resistance area.
- Resistance @0.91 from a trend line in the weekly 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 IXHL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IXHL is up. |
| ChartMill Relative Strength | 4.81 | NEGATIVE | IXHL has a low relative strength, it was outperformed by 95.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IXHL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IXHL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IXHL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 83.38 | OVERBOUGHT | The high RSI value suggests IXHL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IXHL has a positive trend. |
| Stochastics (14,3) | 82.6 | OVERBOUGHT | The high Stochastics value suggests IXHL may be overbought. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for IXHL suggests high volalility. |
| Average Directional Index/ADX (14) | 56.03 | POSITIVE | The high ADX value value for IXHL 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)
0.61
+0.24 (+64.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg64.82%
1 Week176.9%
2 Weeks191.31%
1 Month172.93%
3 Month1.65%
6 Month-68.39%
12 Month-72.89%
2 Year-91.57%
3 Year-95.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.7%
ATR Inc487.07%
Range Today0.24
ADR(20)0.04
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.81
Mansfield-5.74
10 Day High0.66
10 Day Low0.21
20 Day High0.66
20 Day Low0.2
52 Week High3.12
52 Week Low0.08
CS1 EndN/A
CR1 Start0.91
Volume & EV
DER(3)-0.91%
DER(5)-1%
Volume491.41M
Volume Incr800.32%
Vol(5)306.73M
Vol(50)108.08M