INCANNEX HEALTHCARE INC (IXHL) Stock Technical Analysis
USA - NASDAQ:IXHL - US45333F1093 - Common Stock
Taking everything into account, IXHL scores 0 out of 10 in our technical rating. 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.
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 very little resistance above the current price. We notice that large players showed an interest for IXHL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.33
We found 3 important support areas.
- Support @0.35 from a trend line in the daily time frame.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.33 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.41 from a horizontal line in the daily time frame.
- Resistance @0.55 from a trend 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 | DOWN | NEGATIVE | The short term trend for IXHL is down. |
| ChartMill Relative Strength | 5.37 | NEGATIVE | IXHL has a low relative strength, it was outperformed by 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IXHL is above 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) | 47.18 | NEUTRAL | The RSI value for IXHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IXHL has a positive trend. |
| Stochastics (14,3) | 37.41 | NEUTRAL | The Stochastics value for IXHL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for IXHL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for IXHL suggests a weak or negative trend. |
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+0.01 (+3.5%)
INCANNEX HEALTHCARE INC / IXHL FAQ
Can you provide the ChartMill technical rating for INCANNEX HEALTHCARE INC?
ChartMill assigns a technical rating of 0 / 10 to IXHL.
What is the trend direction for IXHL stock?
The current trend direction for INCANNEX HEALTHCARE INC (IXHL) is Bearish.
What is the RSI signal for INCANNEX HEALTHCARE INC (IXHL) stock?
INCANNEX HEALTHCARE INC (IXHL) has an RSI value of 47.1848. 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.
Can you provide the buy/sell signal for INCANNEX HEALTHCARE INC?
The buy/sell signal for INCANNEX HEALTHCARE INC (IXHL) is sell as both the short term and long term trends are negative.