NURIX THERAPEUTICS INC (NRIX) Stock Technical Analysis
NASDAQ:NRIX - Nasdaq - US67080M1036 - Common Stock - Currency: USD
Taking everything into account, NRIX scores 2 out of 10 in our technical rating. In the past year, NRIX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
90% of all other stocks performed better in the past year than NRIX.
NRIX 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.
In the last month NRIX has a been trading in the 11.13 - 14.56 range, which is quite wide. It is currently trading near the lows of this range.
NRIX is part of the Biotechnology industry. There are 553 other stocks in this industry, NRIX did better than 43% of them.
NRIX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.89, 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
9.38
13.32
4 important support areas can be observed.
- A support zone ranging from 11.48 to 11.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.20 to 11.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.14 from a trend line in the weekly time frame.
- Support @9.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @12.39 from a trend line in the daily time frame.
- Resistance @12.79 from a horizontal line in the weekly time frame.
- Resistance @13.19 from a horizontal line in the daily 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 NRIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NRIX is neutral. |
| ChartMill Relative Strength | 10.59 | NEGATIVE | NRIX has a low relative strength, it was outperformed by 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NRIX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NRIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.69 | NEUTRAL | The RSI value for NRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NRIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.07 | OVERSOLD | The low Stochastics value suggests NRIX may be oversold. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for NRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.65 | NEGATIVE | The low ADX value for NRIX 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)
11.89
-0.04 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.34%
1 Week5.69%
2 Weeks-2.14%
1 Month4.39%
3 Month5.5%
6 Month-39.68%
12 Month-42.78%
2 Year22.45%
3 Year-25.5%
5 Year-38.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%6.37%
ATR Inc-14.43%
Range Today0.5
ADR(20)0.75
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.59
Mansfield-3.73
10 Day High12.6
10 Day Low11.13
20 Day High14.56
20 Day Low11.13
52 Week High29.56
52 Week Low8.18
CS1 End11.89
CR1 Start12.39
Volume & EV
DER(3)-1.83%
DER(5)0.86%
Volume1.00M
Volume Incr-11.07%
Vol(5)865.74K
Vol(50)899.74K