NEOLEUKIN THERAPEUTICS INC (NLTX) Stock Technical Analysis
NASDAQ:NLTX - Nasdaq - US64049K2033 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to NLTX. Although NLTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
Warning: NLTX has an average volume of 20624 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, NLTX did better than 87% of all other stocks.
NLTX is part of the Biotechnology industry. There are 558 other stocks in this industry. NLTX outperforms 84% of them.
NLTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NLTX is lagging the market.
In the last month NLTX has a been trading in the 3.18 - 3.68 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 only medium, NLTX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.47, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.06
3.87
3 important support areas can be observed.
- A support zone ranging from 3.43 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.28 to 3.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.09 to 3.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.53 to 3.55. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 3.67 to 3.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.83 from a trend line in the weekly 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 NLTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NLTX is neutral. |
| ChartMill Relative Strength | 87.21 | POSITIVE | NLTX has a high relative strength, it outperformed 87.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NLTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NLTX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NLTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.71 | NEUTRAL | The RSI value for NLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NLTX has a positive trend. |
| Stochastics (14,3) | 43.8 | NEUTRAL | The Stochastics value for NLTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for NLTX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for NLTX 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)
3.49
+0.05 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.45%
1 Week-0.29%
2 Weeks0%
1 Month4.18%
3 Month1.51%
6 Month-9.47%
12 Month61.39%
2 Year-85.52%
3 Year-95.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%6.51%
ATR Inc12.5%
Range Today0.17
ADR(20)0.22
ADR(20)%6.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.21
Mansfield-1.12
10 Day High3.65
10 Day Low3.25
20 Day High3.68
20 Day Low3.18
52 Week High4.7
52 Week Low2.08
CS1 End3.47
CR1 Start3.53
Volume & EV
DER(3)-5.75%
DER(5)-0.26%
Volume113.10K
Volume Incr114.85%
Vol(5)54.10K
Vol(50)20.62K