Taking everything into account, IXHL scores 1 out of 10 in our technical rating. IXHL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IXHL has a bad 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 a resistance zone just above the current price starting at 0.40. Right above this resistance zone may be a good entry point.
More info and screens
0.35
We found 4 important support areas.
- A support zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.37 from a trend line in the daily time frame.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.35 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.45 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 IXHL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IXHL is neutral. |
| ChartMill Relative Strength | 7.63 | NEGATIVE | IXHL has a low relative strength, it was outperformed by 92.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IXHL is below a declining 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) | 50.19 | NEUTRAL | The RSI value for IXHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IXHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39 | NEUTRAL | The Stochastics value for IXHL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for IXHL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.76 | NEGATIVE | The low ADX value for IXHL suggests a weak or negative trend. |
0.396
0 (-0.5%)
INCANNEX HEALTHCARE INC / IXHL FAQ
What is the ChartMill technical rating of INCANNEX HEALTHCARE INC (IXHL) stock?
ChartMill assigns a technical rating of 1 / 10 to IXHL.
Can you provide the trend direction for INCANNEX HEALTHCARE INC?
The current trend direction for INCANNEX HEALTHCARE INC (IXHL) is Bearish.
What is the RSI signal for IXHL stock?
INCANNEX HEALTHCARE INC (IXHL) has an RSI value of 50.1916. This indicates that the stock is currently neutral.
What are the support and resistance levels for INCANNEX HEALTHCARE INC (IXHL) stock?
INCANNEX HEALTHCARE INC (IXHL) has a support level at 0.39 and a resistance level at 0.4. Check the full technical report for our detailed analysis of IXHL support and resistance levels.