Taking everything into account, LEXX scores 5 out of 10 in our technical rating. LEXX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, LEXX does present a nice setup opportunity. 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 LEXX 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
0.85
When analyzing the support we can see 2 important areas.
- Support @1.00 from a horizontal line in the daily time frame.
- A support zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1.10 from a horizontal line in the weekly time frame.
- Resistance @1.14 from a horizontal line in the daily time frame.
- Resistance @1.42 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 | NEUTRAL | NEUTRAL | The long term trend for LEXX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEXX is up. |
| ChartMill Relative Strength | 12.2 | NEGATIVE | LEXX has a low relative strength, it was outperformed by 87.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEXX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LEXX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LEXX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.82 | NEUTRAL | The RSI value for LEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LEXX has a negative trend. |
| Stochastics (14,3) | 55 | NEUTRAL | The Stochastics value for LEXX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for LEXX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.2 | POSITIVE | The high ADX value value for LEXX suggests a strong trend. |
1.06
-0.03 (-2.75%)
LEXARIA BIOSCIENCE CORP / LEXX FAQ
Can you provide the ChartMill technical rating for LEXARIA BIOSCIENCE CORP?
ChartMill assigns a technical rating of 5 / 10 to LEXX.
Can you provide the trend direction for LEXARIA BIOSCIENCE CORP?
The current trend direction for LEXARIA BIOSCIENCE CORP (LEXX) is Bearish.
What is the RSI signal for LEXX stock?
LEXARIA BIOSCIENCE CORP (LEXX) has an RSI value of 50.8171. This indicates that the stock is currently neutral.
What is the MACD signal for LEXARIA BIOSCIENCE CORP (LEXX) stock?
The MACD indicator for LEXARIA BIOSCIENCE CORP (LEXX) has a value of -0.00324032, indicating a bearish trend.