LUX HEALTH TECH ACQUISITION (LUXAU) Stock Technical Analysis
NASDAQ:LUXAU - US55068A2096
10.0245 USD
+0.01 (+0.14%)
We assign a technical rating of 4 out of 10 to LUXAU. LUXAU was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
LUXAU 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.
Warning: LUXAU has an average volume of 5447 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that LUXAU is one of the better performing stocks in the market, outperforming 79% of all stocks. However, LUXAU's most recent performance is quite weak.
In the last month LUXAU has a been trading in a tight range between 10.00 and 10.41.
Considerably lower volume is observed in the last couple of days.
LUXAU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.01, a Stop Loss order could be placed below this zone.
More info and screens
9.77
10.51
When analyzing the support we notice one important area.
- A support zone ranging from 9.87 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.04 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.27 to 10.41. 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 | NEUTRAL | NEUTRAL | The long term trend for LUXAU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LUXAU is down. |
| ChartMill Relative Strength | 79.47 | POSITIVE | LUXAU has a high relative strength, it outperformed 79.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUXAU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LUXAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LUXAU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.35 | NEUTRAL | The RSI value for LUXAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LUXAU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.62 | OVERSOLD | The low Stochastics value suggests LUXAU may be oversold. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for LUXAU suggests low volalility. |
| Average Directional Index/ADX (14) | 12.07 | NEGATIVE | The low ADX value for LUXAU 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)
NASDAQ:LUXAU (10/27/2022, 8:00:00 PM)
10.0245
+0.01 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.14%
1 Week0.05%
2 Weeks-0.05%
1 Month-0.35%
3 Month0.65%
6 Month0.45%
12 Month-1.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.55%
ATR Inc-74.64%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.47
Mansfield1.08
10 Day High10.41
10 Day Low10.01
20 Day High10.41
20 Day Low10
52 Week High10.41
52 Week Low9.87
CS1 End10.01
CR1 Start10.04
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-94.35%
Vol(5)490
Vol(50)5.45K