NRX PHARMACEUTICALS INC (NRXP) Stock Technical Analysis
USA - NASDAQ:NRXP - US6294442099 - Common Stock
Overall NRXP gets a technical rating of 2 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 technical rating of NRXP is bad and it also does not present a 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
2.29
We found 1 important support area.
- A support zone ranging from 2.31 to 2.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.02 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.21 from a trend line in the weekly time frame.
- Resistance @3.67 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 | NEUTRAL | NEUTRAL | The long term trend for NRXP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRXP is down. |
| ChartMill Relative Strength | 91.8 | POSITIVE | NRXP has a high relative strength, it outperformed 91.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRXP is below 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) | DOWN | NEGATIVE | The current price of NRXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.41 | NEUTRAL | The RSI value for NRXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NRXP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.66 | OVERSOLD | The low Stochastics value suggests NRXP may be oversold. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for NRXP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for NRXP suggests a weak or negative trend. |
2.49
-0.05 (-1.97%)
NRX PHARMACEUTICALS INC / NRXP FAQ
What is the ChartMill technical rating of NRX PHARMACEUTICALS INC (NRXP) stock?
ChartMill assigns a technical rating of 2 / 10 to NRXP.
What is the trend direction for NRXP stock?
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 33.4057. This indicates that the stock is currently neutral.
What is the short term momentum for NRXP stock?
The short term momentum for NRX PHARMACEUTICALS INC (NRXP) is negative.
Can you provide the support and resistance levels for NRX PHARMACEUTICALS INC?
NRX PHARMACEUTICALS INC (NRXP) has a support level at 2.31 and a resistance level at 3.02. Check the full technical report for our detailed analysis of NRXP support and resistance levels.