NURIX THERAPEUTICS INC (NRIX) Technical Analysis
NASDAQ:NRIX • US67080M1036
Current stock price
NRIX Technical Rating and Analysis
Overall NRIX gets a technical rating of 6 out of 10. NRIX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long and short term trends are both positive. This is looking good!
- NRIX has an average volume of 1111060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that NRIX is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- NRIX is an average performer in the Biotechnology industry, it outperforms 56% of 516 stocks in the same industry.
- NRIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRIX is lagging the market.
- In the last month NRIX has a been trading in the 14.41 - 17.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NRIX Weekly and Daily overview Charts
NRIX Setup Rating and Analysis
Although the technical rating is only medium, NRIX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.74, a Stop Loss order could be placed below this zone.
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NRIX Support and Resistance Analysis
14.29
We found 3 important support areas.
- A support zone ranging from 15.54 to 15.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.00 from a trend line in the daily time frame.
- A support zone ranging from 14.43 to 14.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.38 to 17.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
NRIX 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 | UP | POSITIVE | The long term trend for NRIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRIX is up. |
| ChartMill Relative Strength | 70.85 | POSITIVE | NRIX has a high relative strength, it outperformed 70.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NRIX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for NRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NRIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.56 | NEUTRAL | The Stochastics value for NRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for NRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.36 | POSITIVE | The high ADX value value for NRIX suggests a strong trend. |
NRIX Chart- and CandleStick Pattern Analysis
NRIX Example Setup
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 |
|---|---|---|---|
| 17.52 | 15.53 | 1.99 (11.36%) | 8.80% |
| An entry @17.52. This is a Buy Stop order right above the resistance zone. | An exit @15.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.99 points, which is 11.36%. | When investing 8.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NRIX Technicals: Chart, Performance Metrics, Trend & Indicators
16.63
+0.19 (+1.16%)
NURIX THERAPEUTICS INC / NRIX TA FAQ
What is the ChartMill technical rating of NURIX THERAPEUTICS INC (NRIX) stock?
ChartMill assigns a technical rating of 6 / 10 to NRIX.
What is the current trend direction of NURIX THERAPEUTICS INC (NRIX) stock?
The current trend direction for NURIX THERAPEUTICS INC (NRIX) is Bullish.
Can you provide the RSI signal for NURIX THERAPEUTICS INC?
NURIX THERAPEUTICS INC (NRIX) has an RSI value of 54.7944. This indicates that the stock is currently neutral.
What is the short term momentum for NRIX stock?
The short term momentum for NURIX THERAPEUTICS INC (NRIX) is positive.
What is the support and resistance level for NRIX stock?
NURIX THERAPEUTICS INC (NRIX) has a support level at 15.74 and a resistance level at 17.38. Check the full technical report for our detailed analysis of NRIX support and resistance levels.