We assign a technical rating of 9 out of 10 to LXEO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LXEO is showing a nice and steady performance.
Besides having an excellent technical rating, LXEO 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 9.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.41, a Stop Loss order could be placed below this zone.
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6.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.40 to 9.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.90 from a horizontal line in the daily time frame.
- Support @6.96 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.93 to 10.09. 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 | UP | POSITIVE | The long term trend for LXEO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LXEO is up. |
| ChartMill Relative Strength | 94.6 | POSITIVE | LXEO has a high relative strength, it outperformed 94.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LXEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LXEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LXEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for LXEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LXEO has a positive trend. |
| Stochastics (14,3) | 84.1 | OVERBOUGHT | The high Stochastics value suggests LXEO may be overbought. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for LXEO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.48 | POSITIVE | The high ADX value value for LXEO suggests a strong trend. |
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 |
|---|---|---|---|
| 10.10 | 9.39 | 0.71 (7.03%) | 14.23% |
| An entry @10.10. This is a Buy Stop order right above the resistance zone. | An exit @9.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.71 points, which is 7.03%. | For a 1.00% total portfolio risk, you can invest 14.23% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LXEO. 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.
9.86
+0.23 (+2.39%)
LEXEO THERAPEUTICS INC / LXEO FAQ
What is the technical rating for LXEO stock?
ChartMill assigns a technical rating of 9 / 10 to LXEO.
What is the trend direction for LXEO stock?
The current trend direction for LEXEO THERAPEUTICS INC (LXEO) is Bullish.
What is the RSI signal for LXEO stock?
LEXEO THERAPEUTICS INC (LXEO) has an RSI value of 60.3407. This indicates that the stock is currently neutral.
What is the short term momentum for LEXEO THERAPEUTICS INC (LXEO) stock?
The short term momentum for LEXEO THERAPEUTICS INC (LXEO) is positive.
What is the buy/sell signal for LXEO stock?
The buy/sell signal for LEXEO THERAPEUTICS INC (LXEO) is buy as both the short term and long term trends are positive.