NRX PHARMACEUTICALS INC (NRXP) Stock Technical Analysis
NASDAQ:NRXP - US6294442099 - Common Stock
2.63 USD
-0.06 (-2.23%)
2.74 USD
+0.11 (+4.18%)
Overall NRXP gets a technical rating of 3 out of 10. Although NRXP 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 and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that NRXP is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NRXP is an average performer in the Pharmaceuticals industry, it outperforms 66% of 193 stocks in the same industry.
NRXP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRXP is lagging the market.
In the last month NRXP has a been trading in the 2.30 - 2.95 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.
Although the technical rating is bad, NRXP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.29
3.93
3 important support areas can be observed.
- Support @2.51 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.40 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.31 to 2.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.64 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.77 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.90 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.89 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NRXP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NRXP is neutral. |
| ChartMill Relative Strength | 80.68 | POSITIVE | NRXP has a high relative strength, it outperformed 80.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NRXP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NRXP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.95 | NEUTRAL | The RSI value for NRXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NRXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.35 | NEUTRAL | The Stochastics value for NRXP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for NRXP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.91 | NEGATIVE | The low ADX value for NRXP 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)
2.63
-0.06 (-2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.23%
1 Week4.99%
2 Weeks10.04%
1 Month-8.68%
3 Month-0.38%
6 Month15.86%
12 Month40.64%
2 Year-10.88%
3 Year-59.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.2%
ATR Inc-7.25%
Range Today0.25
ADR(20)0.2
ADR(20)%7.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.68
Mansfield0.5
10 Day High2.95
10 Day Low2.35
20 Day High2.95
20 Day Low2.3
52 Week High6.01
52 Week Low1.1
CS1 End2.51
CR1 Start2.64
Volume & EV
DER(3)-17.21%
DER(5)-14.19%
Volume783.50K
Volume Incr50.35%
Vol(5)506.24K
Vol(50)279.22K