Loxo Oncology Inc. (LOXO) Technical Analysis
NASDAQ:LOXO
Current stock price
LOXO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to LOXO. Both in the recent history as in the last year, LOXO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that LOXO is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, LOXO also shows a nice and consistent pattern of rising prices.
- LOXO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LOXO is leading the market.
- LOXO has an average volume of 1158140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month LOXO has a been trading in a tight range between 233.24 and 234.93.
- Considerably lower volume is observed in the last couple of days.
LOXO Weekly and Daily overview Charts
LOXO Setup Rating and Analysis
LOXO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 234.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 234.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LOXO 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
LOXO Support and Resistance Analysis
133.85
We found 3 important support areas.
- A support zone ranging from 234.20 to 234.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @144.36 from a trend line in the daily time frame.
- A support zone ranging from 135.20 to 135.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 234.67 to 234.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
LOXO 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 | UP | POSITIVE | The long term trend for LOXO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOXO is up. |
| ChartMill Relative Strength | 98.8 | POSITIVE | LOXO has a high relative strength, it outperformed 98.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LOXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LOXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.32 | OVERBOUGHT | The high RSI value suggests LOXO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.12 | NEGATIVE | The MACD value suggests LOXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.28 | OVERBOUGHT | The high Stochastics value suggests LOXO may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for LOXO suggests low volalility. |
LOXO Chart- and CandleStick Pattern Analysis
LOXO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 234.77 | 234.25 | 0.52 (0.22%) | 25.00% |
| An entry @234.77. This is a Buy Stop order right above the resistance zone. | An exit @234.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.52 points, which is 0.22%. | For a 0.06% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LOXO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LOXO Technicals: Chart, Performance Metrics, Trend & Indicators
234.66
-0.07 (-0.03%)
Loxo Oncology Inc. / LOXO TA FAQ
What is the technical rating for LOXO stock?
ChartMill assigns a technical rating of 10 / 10 to LOXO.
What is the trend direction for LOXO stock?
The current trend direction for Loxo Oncology Inc. (LOXO) is Bullish.
What is the RSI signal for Loxo Oncology Inc. (LOXO) stock?
Loxo Oncology Inc. (LOXO) has an RSI value of 80.3156. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Loxo Oncology Inc.?
The MACD indicator for Loxo Oncology Inc. (LOXO) has a value of -3.11934, indicating a bearish trend.
What is the short term momentum for LOXO stock?
The short term momentum for Loxo Oncology Inc. (LOXO) is positive.