NRX PHARMACEUTICALS INC (NRXP) Stock Technical Analysis
NASDAQ:NRXP - Nasdaq - US6294442099 - Common Stock - Currency: USD
Taking everything into account, NRXP scores 6 out of 10 in our technical rating. NRXP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NRXP is a bad performer in the overall market: 70% of all stocks are doing better.
NRXP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NRXP is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NRXP is an average performer in the Pharmaceuticals industry, it outperforms 64% of 198 stocks in the same industry.
In the last month NRXP has a been trading in the 1.90 - 3.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NRXP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.96
4.34
When analyzing the support we can see 2 important areas.
- Support @2.06 from a trend line in the daily time frame.
- A support zone ranging from 1.98 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @2.70 from a trend line in the daily time frame.
- Resistance @2.79 from a horizontal line in the daily time frame.
- Resistance @4.30 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 | UP | POSITIVE | The short term trend for NRXP is up. |
| ChartMill Relative Strength | 30.25 | NEUTRAL | NRXP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRXP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRXP is above the rising 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) | 65.62 | NEUTRAL | The RSI value for NRXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NRXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.88 | NEUTRAL | The Stochastics value for NRXP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for NRXP suggests high volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for NRXP suggests a strong 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)
2.62
-0.07 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.6%
1 Week6.94%
2 Weeks28.43%
1 Month26.57%
3 Month14.91%
6 Month107.94%
12 Month-33.67%
2 Year-62.57%
3 Year-53.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7.45%
ATR Inc36.49%
Range Today0.24
ADR(20)0.19
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.25
Mansfield1.88
10 Day High3
10 Day Low2.02
20 Day High3
20 Day Low1.9
52 Week High6.01
52 Week Low1.1
CS1 End2.06
CR1 Start2.7
Volume & EV
DER(3)-12.71%
DER(5)-8.9%
Volume184.30K
Volume Incr111.62%
Vol(5)522.24K
Vol(50)238.68K