Overall LEXX gets a technical rating of 1 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, LEXX is a bad performer in the overall market: 93% of all stocks are doing better.
- LEXX is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 73% are performing better than LEXX.
- LEXX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month LEXX has a been trading in the 0.65 - 0.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
LEXX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.85. Right above this resistance zone may be a good entry point.
More info and screens
0.75
When analyzing the support we notice one important area.
- A support zone ranging from 0.76 to 0.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.03 from a trend line in the weekly time frame.
- Resistance @1.18 from a trend line in the weekly time frame.
- Resistance @1.22 from a trend line in the daily time frame.
- Resistance @1.40 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 LEXX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LEXX is neutral. |
| ChartMill Relative Strength | 7.35 | NEGATIVE | LEXX has a low relative strength, it was outperformed by 92.65% 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 | 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) | 48.23 | NEUTRAL | The RSI value for LEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LEXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for LEXX is a neutral value. |
| Average True Range in percent/ATR (20) | 10 | HIGH VOLATILITY | The high ATR as a percentage value for LEXX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.9 | NEGATIVE | The low ADX value for LEXX suggests a weak or negative trend. |
0.7658
-0.03 (-3.31%)
LEXARIA BIOSCIENCE CORP / LEXX FAQ
Can you provide the ChartMill technical rating for LEXARIA BIOSCIENCE CORP?
ChartMill assigns a technical rating of 1 / 10 to LEXX.
What is the trend direction for LEXX stock?
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 48.227. This indicates that the stock is currently neutral.
What is the short term momentum for LEXARIA BIOSCIENCE CORP (LEXX) stock?
The short term momentum for LEXARIA BIOSCIENCE CORP (LEXX) is neutral.
What are the support and resistance levels for LEXARIA BIOSCIENCE CORP (LEXX) stock?
LEXARIA BIOSCIENCE CORP (LEXX) has a support level at 0.76 and a resistance level at 0.85. Check the full technical report for our detailed analysis of LEXX support and resistance levels.