INCANNEX HEALTHCARE INC (IXHL) Technical Analysis
NASDAQ:IXHL • US45333F1093
Current stock price
IXHL Technical Rating and Analysis
Overall IXHL gets a technical rating of 0 out of 10. IXHL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IXHL is a bad performer in the overall market: 100% of all stocks are doing better.
- IXHL is one of the lesser performing stocks in the Pharmaceuticals industry. 86% of 192 stocks in the same industry do better.
- IXHL 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 IXHL is lagging the market.
- In the last month IXHL has a been trading in the 2.85 - 9.33 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- IXHL has an average volume of 6588300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
IXHL Weekly and Daily overview Charts
IXHL Setup Rating and Analysis
The technical rating of IXHL 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.
More info and screens
IXHL Support and Resistance Analysis
3.28
When analyzing the resistance we notice 2 important areas.
- Resistance @5.15 from a trend line in the daily time frame.
- A resistance zone ranging from 5.36 to 5.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
IXHL 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 IXHL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IXHL is down. |
| ChartMill Relative Strength | 0.94 | NEGATIVE | IXHL has a low relative strength, it was outperformed by 99.06% 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) | DOWN | NEGATIVE | The current price of IXHL is below a declining 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) | 32.59 | NEUTRAL | The RSI value for IXHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IXHL has a negative trend. |
| Stochastics (14,3) | 6.97 | OVERSOLD | The low Stochastics value suggests IXHL may be oversold. |
| Average True Range in percent/ATR (20) | 27.59 | HIGH VOLATILITY | The high ATR as a percentage value for IXHL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for IXHL suggests a strong trend. |
IXHL Chart- and CandleStick Pattern Analysis
IXHL Technicals: Chart, Performance Metrics, Trend & Indicators
3.31
+0.06 (+1.85%)
INCANNEX HEALTHCARE INC / IXHL TA FAQ
What is the ChartMill technical rating of INCANNEX HEALTHCARE INC (IXHL) stock?
ChartMill assigns a technical rating of 0 / 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 32.5897. This indicates that the stock is currently neutral.
What is the buy/sell signal for INCANNEX HEALTHCARE INC (IXHL) stock?
The buy/sell signal for INCANNEX HEALTHCARE INC (IXHL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for IXHL stock?
INCANNEX HEALTHCARE INC (IXHL) has a resistance level at 5.15. Check the full technical report for our detailed analysis of IXHL support and resistance levels.