NURIX THERAPEUTICS INC (NRIX) Stock Technical Analysis
USA - NASDAQ:NRIX - US67080M1036 - Common Stock
We assign a technical rating of 7 out of 10 to NRIX. Although NRIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NRIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.78, a Stop Loss order could be placed below this zone.
More info and screens
8.42
We found 4 important support areas.
- A support zone ranging from 12.48 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.06 to 12.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.68 from a trend line in the daily time frame.
- Support @8.50 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.83 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.18 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 | 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 | 30.41 | NEUTRAL | NRIX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of NRIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NRIX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.3 | NEUTRAL | The RSI value for NRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NRIX has a negative trend. |
| Stochastics (14,3) | 68.75 | NEUTRAL | The Stochastics value for NRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for NRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 39.85 | POSITIVE | The high ADX value value for NRIX 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 |
|---|---|---|---|
| 12.96 | 12.47 | 0.49 (3.78%) | 25.00% |
| An entry @12.96. This is a Buy Stop order right above the resistance zone. | An exit @12.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 3.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of NRIX. 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.
12.79
-0.01 (-0.08%)
NURIX THERAPEUTICS INC / NRIX FAQ
What is the ChartMill technical rating of NURIX THERAPEUTICS INC (NRIX) stock?
ChartMill assigns a technical rating of 7 / 10 to NRIX.
Can you provide the trend direction for NURIX THERAPEUTICS INC?
The current trend direction for NURIX THERAPEUTICS INC (NRIX) is Bullish.
What is the RSI signal for NURIX THERAPEUTICS INC (NRIX) stock?
NURIX THERAPEUTICS INC (NRIX) has an RSI value of 62.3001. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NURIX THERAPEUTICS INC?
The short term momentum for NURIX THERAPEUTICS INC (NRIX) is positive.
Can you provide the buy/sell signal for NURIX THERAPEUTICS INC?
The buy/sell signal for NURIX THERAPEUTICS INC (NRIX) is buy as both the short term and long term trends are positive.