NEURAXIS INC (NRXS) Technical Analysis
NYSEARCA:NRXS • US64134X2018
Current stock price
NRXS Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NRXS. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NRXS did better than 98% of all other stocks. On top of that, NRXS also shows a nice and consistent pattern of rising prices.
- NRXS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 98% of 188 stocks in the same industry.
- NRXS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NRXS is performing more or less in line with the market.
- In the last month NRXS has a been trading in the 5.50 - 7.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NRXS Weekly and Daily overview Charts
NRXS Setup Rating and Analysis
Besides having an excellent technical rating, NRXS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.89, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NRXS Support and Resistance Analysis
5.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.83 to 6.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.60 from a horizontal line in the daily time frame.
- A support zone ranging from 5.75 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 98.16 | POSITIVE | NRXS has a high relative strength, it outperformed 98.16% 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) | 59.04 | NEUTRAL | The RSI value for NRXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NRXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for NRXS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.09 | HIGH VOLATILITY | The high ATR as a percentage value for NRXS suggests high volalility. |
| Average Directional Index/ADX (14) | 35.26 | 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 |
|---|---|---|---|
| 7.98 | 6.82 | 1.16 (14.54%) | 6.88% |
| An entry @7.98. This is a Buy Stop order right above the 10 day high. | An exit @6.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.16 points, which is 14.54%. | When investing 6.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
7.25
+0.07 (+0.97%)
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 59.037. 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.