NRSN Technical Analysis - NEUROSENSE THERAPEUTICS LTD

Technical Rating and Analysis

Overall NRSN gets a technical rating of 1 out of 10. NRSN's overall performance in the market is below average. Also 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.

When comparing the yearly performance of all stocks, NRSN is a bad performer in the overall market: 89% of all stocks are doing better.

NRSN is one of the lesser performing stocks in the Biotechnology industry. 63% of 538 stocks in the same industry do better.

NRSN 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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month NRSN has a been trading in the 0.95 - 1.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEUROSENSE THERAPEUTICS LTD / NRSN Weekly stock chart

NEUROSENSE THERAPEUTICS LTD / NRSN Daily stock chart

Setup Rating and Analysis

NRSN has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.98

1.40

4 important support areas can be observed.

Support @1.14 from a horizontal line in the daily time frame.
Support @1.09 from a trend line in the weekly time frame.
Support @1.06 from a trend line in the daily time frame.
Support @0.99 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 1.35 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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 NRSN is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NRSN is neutral.
ChartMill Relative Strength	11.42	NEGATIVE	NRSN has a low relative strength, it was outperformed by 88.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NRSN is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NRSN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of NRSN is below the rising SMA(200).
Relative Strength Index/RSI (14)	51.47	NEUTRAL	The RSI value for NRSN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests NRSN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	25.75	NEUTRAL	The Stochastics value for NRSN is a neutral value.
Average True Range in percent/ATR (20)	10.54	HIGH VOLATILITY	The high ATR as a percentage value for NRSN suggests high volalility.
Average Directional Index/ADX (14)	37	POSITIVE	The high ADX value value for NRSN suggests a strong trend.