NRXS Technical Analysis - NEURAXIS INC

Technical Rating and Analysis

Taking everything into account, NRXS scores 7 out of 10 in our technical rating. NRXS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long and short term trends are both positive. This is looking good!

NRXS is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. NRXS outperforms 75% of them.

NRXS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Looking at the yearly performance, NRXS did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

NRXS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRXS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although NRXS has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.27

3.23

We found 4 important support areas.

A support zone ranging from 2.97 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.49 from a trend line in the daily time frame.
Support @2.38 from a horizontal line in the daily time frame.
Support @2.29 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 3.09 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 3.19 to 3.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for NRXS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NRXS is up.
ChartMill Relative Strength	70.1	POSITIVE	NRXS has a high relative strength, it outperformed 70.1% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NRXS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NRXS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NRXS is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.95	NEUTRAL	The RSI value for NRXS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests NRXS has a negative trend.
Stochastics (14,3)	65.79	NEUTRAL	The Stochastics value for NRXS is a neutral value.
Average True Range in percent/ATR (20)	5.31	HIGH VOLATILITY	The high ATR as a percentage value for NRXS suggests high volalility.
Average Directional Index/ADX (14)	27.75	POSITIVE	The high ADX value value for NRXS suggests a strong trend.