NEURAXIS INC (NRXS) Technical Analysis
NYSEARCA:NRXS • US64134X2018
Current stock price
NRXS Technical Rating and Analysis
Taking everything into account, NRXS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NRXS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NRXS is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by NRXS over the past year are nicely spread over this period.
- NRXS is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. NRXS outperforms 98% of them.
- A new 52 week high is currently being made by NRXS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month NRXS has a been trading in the 6.44 - 8.40 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NRXS Weekly and Daily overview Charts
NRXS Setup Rating and Analysis
NRXS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 7.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NRXS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NRXS Support and Resistance Analysis
6.47
We found 3 important support areas.
- A support zone ranging from 7.13 to 7.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.83 to 6.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.54 to 6.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
NRXS 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 | 97.48 | POSITIVE | NRXS has a high relative strength, it outperformed 97.48% 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) | 62.62 | NEUTRAL | The RSI value for NRXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NRXS has a positive trend. |
| Stochastics (14,3) | 65.51 | NEUTRAL | The Stochastics value for NRXS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for NRXS suggests high volalility. |
| Average Directional Index/ADX (14) | 33.13 | POSITIVE | The high ADX value value for NRXS suggests a strong trend. |
NRXS Chart- and CandleStick Pattern Analysis
NRXS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.41 | 7.12 | 1.29 (15.34%) | 6.52% |
| An entry @8.41. This is a Buy Stop order right above the 10 day high. | An exit @7.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.29 points, which is 15.34%. | For a 1.00% total portfolio risk, you can invest 6.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NRXS Technicals: Chart, Performance Metrics, Trend & Indicators
7.86
+0.41 (+5.5%)
NEURAXIS INC / NRXS TA FAQ
What is the technical rating for NRXS stock?
ChartMill assigns a technical rating of 10 / 10 to NRXS.
Can you provide the trend direction for NEURAXIS INC?
The current trend direction for NEURAXIS INC (NRXS) is Bullish.
What is the RSI signal for NEURAXIS INC (NRXS) stock?
NEURAXIS INC (NRXS) has an RSI value of 62.6192. This indicates that the stock is currently neutral.
What is the short term momentum for NEURAXIS INC (NRXS) stock?
The short term momentum for NEURAXIS INC (NRXS) is positive.
What is the buy/sell signal for NEURAXIS INC (NRXS) stock?
The buy/sell signal for NEURAXIS INC (NRXS) is buy as both the short term and long term trends are positive.