NEURAXIS INC (NRXS) Stock Technical Analysis
USA - NYSEARCA:NRXS - US64134X2018 - Common Stock
Overall NRXS gets a technical rating of 1 out of 10. NRXS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
NRXS has a poor technical rating and the quality of the setup is also not perfect 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
2.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.50 to 2.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.38 from a horizontal line in the daily time frame.
- A support zone ranging from 2.29 to 2.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @3.48 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 NRXS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRXS is down. |
| ChartMill Relative Strength | 25.71 | NEGATIVE | NRXS has a low relative strength, it was outperformed by 74.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRXS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NRXS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NRXS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37 | NEUTRAL | The RSI value for NRXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NRXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.66 | OVERSOLD | The low Stochastics value suggests NRXS may be oversold. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for NRXS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for NRXS suggests a possible start of a new trend. |
2.56
+0.02 (+0.79%)
NEURAXIS INC / NRXS FAQ
What is the technical rating for NRXS stock?
ChartMill assigns a technical rating of 1 / 10 to NRXS.
What is the trend direction for NRXS stock?
The current trend direction for NEURAXIS INC (NRXS) is Bearish.
What is the RSI signal for NRXS stock?
NEURAXIS INC (NRXS) has an RSI value of 36.9953. This indicates that the stock is currently neutral.
What is the support and resistance level for NRXS stock?
NEURAXIS INC (NRXS) has a support level at 2.53 and a resistance level at 3.48. Check the full technical report for our detailed analysis of NRXS support and resistance levels.