INCANNEX HEALTHCARE INC (IXHL) Technical Analysis
NASDAQ:IXHL • US45333F2083
Current stock price
3.63 USD
+0.09 (+2.54%)
At close:
3.67 USD
+0.04 (+1.1%)
Pre-Market:
IXHL Technical Rating and Analysis
Overall IXHL gets a technical rating of 1 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than IXHL.
- IXHL is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 86% are performing better than IXHL.
- IXHL 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month IXHL has a been trading in the 2.49 - 3.73 range, which is quite wide. It is currently trading near the high of this range.
- IXHL has an average volume of 3618640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
3.59
4.79
We can see 3 important resistance areas.
- A resistance zone ranging from 3.64 to 3.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.76 from a trend line in the daily time frame.
- Resistance @4.74 from a trend line 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 | 1.38 | NEGATIVE | IXHL has a low relative strength, it was outperformed by 98.62% 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) | 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) | 49 | NEUTRAL | The RSI value for IXHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests IXHL has a positive trend. |
| Stochastics (14,3) | 88.57 | OVERBOUGHT | The high Stochastics value suggests IXHL may be overbought. |
| Average True Range in percent/ATR (20) | 9.23 | HIGH VOLATILITY | The high ATR as a percentage value for IXHL suggests high volalility. |
| Average Directional Index/ADX (14) | 20.46 | NEUTRAL | The ADX value for IXHL suggests a possible start of a new trend. |
IXHL Chart- and CandleStick Pattern Analysis
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)
IXHL Technicals: Chart, Performance Metrics, Trend & Indicators
3.63
+0.09 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.54%
1 Week33.46%
2 Weeks21%
1 Month9.67%
3 Month-67.9%
6 Month-65.27%
12 Month-79.84%
2 Year-95.81%
3 Year-98.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%9.23%
ATR Inc-9.37%
Range Today0.33
ADR(20)0.33
ADR(20)%9.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.38
3 months CRS1.72
6 months CRS4.79
Mansfield-6.69
10 Day High3.73
10 Day Low2.49
20 Day High3.73
20 Day Low2.49
52 Week High49.8
52 Week Low2.4
CS1 EndN/A
CR1 Start3.64
Volume & EV
DER(3)3.58%
DER(5)4.22%
Volume413.50K
Volume Incr-36.17%
Vol(5)496.94K
Vol(50)3.62M
INCANNEX HEALTHCARE INC / IXHL TA FAQ
What is the ChartMill technical rating of INCANNEX HEALTHCARE INC (IXHL) stock?
ChartMill assigns a technical rating of 1 / 10 to IXHL.
What is the current trend direction of INCANNEX HEALTHCARE INC (IXHL) stock?
The current trend direction for INCANNEX HEALTHCARE INC (IXHL) is Bearish.
Can you provide the RSI signal for INCANNEX HEALTHCARE INC?
INCANNEX HEALTHCARE INC (IXHL) has an RSI value of 49. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INCANNEX HEALTHCARE INC?
The short term momentum for INCANNEX HEALTHCARE INC (IXHL) is negative.
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.