NRX PHARMACEUTICALS INC (NRXP) Technical Analysis
NASDAQ:NRXP • US6294442099
Current stock price
NRXP Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NRXP. In the past year, NRXP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 64% of all other stocks performed better in the past year than NRXP.
- 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month NRXP has a been trading in the 1.62 - 2.49 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NRXP is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, NRXP did better than 56% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NRXP Weekly and Daily overview Charts
NRXP Setup Rating and Analysis
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
NRXP Support and Resistance Analysis
1.66
When analyzing the support we can see 3 important areas.
- Support @1.80 from a trend line in the daily time frame.
- Support @1.72 from a trend line in the weekly time frame.
- Support @1.68 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.20 to 2.23. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.42 from a horizontal line in the daily time frame.
- Resistance @3.00 from a trend line in the weekly time frame.
NRXP 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 | 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 | 36.14 | 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) | DOWN | NEGATIVE | The current price of NRXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.55 | 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) | 79.73 | NEUTRAL | The Stochastics value for NRXP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for NRXP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for NRXP suggests a possible start of a new trend. |
NRXP Chart- and CandleStick Pattern Analysis
NRXP Technicals: Chart, Performance Metrics, Trend & Indicators
2.19
-0.19 (-7.98%)
NRX PHARMACEUTICALS INC / NRXP TA FAQ
What is the ChartMill technical rating of NRX PHARMACEUTICALS INC (NRXP) stock?
ChartMill assigns a technical rating of 4 / 10 to NRXP.
Can you provide the trend direction for NRX PHARMACEUTICALS INC?
The current trend direction for NRX PHARMACEUTICALS INC (NRXP) is Bearish.
What is the RSI signal for NRXP stock?
NRX PHARMACEUTICALS INC (NRXP) has an RSI value of 57.5522. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NRX PHARMACEUTICALS INC?
The MACD indicator for NRX PHARMACEUTICALS INC (NRXP) has a value of 0.0587784, indicating a bearish trend.
What is the short term momentum for NRXP stock?
The short term momentum for NRX PHARMACEUTICALS INC (NRXP) is positive.