NEOLEUKIN THERAPEUTICS INC (NLTX) Technical Analysis
NASDAQ:NLTX • US64049K2033
Current stock price
NLTX Technical Rating and Analysis
Taking everything into account, NLTX scores 4 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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.
- When comparing the yearly performance of all stocks, we notice that NLTX is one of the better performing stocks in the market, outperforming 87% of all stocks.
- NLTX is an average performer in the Biotechnology industry, it outperforms 68% of 517 stocks in the same industry.
- NLTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NLTX is lagging the market slightly.
- 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.
NLTX Weekly and Daily overview Charts
NLTX Setup Rating and Analysis
NLTX has only a medium technical rating, but it does show a decent setup pattern. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
NLTX Support and Resistance Analysis
3.06
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.
We can see 3 important resistance 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.
NLTX 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 | 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. |
NLTX Chart- and CandleStick Pattern Analysis
NLTX Technicals: Chart, Performance Metrics, Trend & Indicators
3.49
+0.05 (+1.45%)
NEOLEUKIN THERAPEUTICS INC / NLTX TA FAQ
What is the ChartMill technical rating of NEOLEUKIN THERAPEUTICS INC (NLTX) stock?
ChartMill assigns a technical rating of 3 / 10 to NLTX.
What is the trend direction for NLTX stock?
The current trend direction for NEOLEUKIN THERAPEUTICS INC (NLTX) is Bearish.
What is the RSI signal for NEOLEUKIN THERAPEUTICS INC (NLTX) stock?
NEOLEUKIN THERAPEUTICS INC (NLTX) has an RSI value of 51.7117. This indicates that the stock is currently neutral.
What is the MACD signal for NLTX stock?
The MACD indicator for NEOLEUKIN THERAPEUTICS INC (NLTX) has a value of 0.00197374, indicating a bearish trend.
What are the support and resistance levels for NEOLEUKIN THERAPEUTICS INC (NLTX) stock?
NEOLEUKIN THERAPEUTICS INC (NLTX) has a support level at 3.47 and a resistance level at 3.53. Check the full technical report for our detailed analysis of NLTX support and resistance levels.