LEXARIA BIOSCIENCE CORP (LEXX) Stock Technical Analysis
NASDAQ:LEXX - Nasdaq - US52886N4060 - Common Stock - Currency: USD
Overall LEXX gets a technical rating of 0 out of 10. LEXX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than LEXX.
LEXX is one of the lesser performing stocks in the Pharmaceuticals industry. 76% of 195 stocks in the same industry do better.
LEXX 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.
In the last month LEXX has a been trading in the 0.92 - 1.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, LEXX does present a nice setup opportunity. Prices have been consolidating lately. 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
0.97
1.31
When analyzing the support we notice one important area.
- Support @0.98 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @1.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.28 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LEXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEXX is down. |
| ChartMill Relative Strength | 4.45 | NEGATIVE | LEXX has a low relative strength, it was outperformed by 95.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LEXX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEXX is below 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) | 45.2 | NEUTRAL | The RSI value for LEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LEXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.08 | NEUTRAL | The Stochastics value for LEXX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for LEXX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.6 | NEGATIVE | The low ADX value for LEXX suggests a weak or negative trend. |
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)
1.02
-0.02 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.92%
1 Week3.02%
2 Weeks-0.97%
1 Month-3.77%
3 Month-24.44%
6 Month-54.46%
12 Month-66.99%
2 Year39.67%
3 Year-65.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.34%
ATR Inc60.98%
Range Today0.04
ADR(20)0.06
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.45
Mansfield-5.61
10 Day High1.1
10 Day Low0.92
20 Day High1.12
20 Day Low0.92
52 Week High4.38
52 Week Low0.92
CS1 End0.98
CR1 Start1.11
Volume & EV
DER(3)6.04%
DER(5)4.36%
Volume61.60K
Volume Incr306.57%
Vol(5)323.02K
Vol(50)111.49K