NEURAXIS INC (NRXS) Stock Technical Analysis
NYSEARCA:NRXS - NYSE Arca - US64134X2018 - Common Stock - Currency: USD
Taking everything into account, NRXS scores 6 out of 10 in our technical rating. NRXS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NRXS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
NRXS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 87% of 187 stocks in the same industry.
In the last month NRXS has a been trading in the 2.23 - 2.77 range, which is quite wide. It is currently trading near the high of this range.
NRXS has an average volume of 2035130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that NRXS is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NRXS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for NRXS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
2.34
3.22
We found 2 important support areas.
- A support zone ranging from 2.46 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.36 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @2.63 from a horizontal line in the weekly time frame.
- Resistance @2.73 from a horizontal line in the daily time frame.
- Resistance @2.95 from a trend line in the weekly time frame.
- Resistance @3.19 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for NRXS is neutral. |
| ChartMill Relative Strength | 82.17 | POSITIVE | NRXS has a high relative strength, it outperformed 82.17% 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) | DOWN | MIXED | The current price of NRXS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.08 | NEUTRAL | The RSI value for NRXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NRXS has a positive trend. |
| Stochastics (14,3) | 63.52 | NEUTRAL | The Stochastics value for NRXS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for NRXS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.88 | NEGATIVE | The low ADX value for NRXS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 2.64 | 2.45 | 0.19 (7.20%) | 13.89% |
| An entry @2.64. This is a Buy Stop order right above the resistance zone. | An exit @2.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 7.20%. | When investing 13.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NRXS. Please evaluate whether better entry and exit points can be found.
- 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.
2.62
-0.1 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.68%
1 Week9.17%
2 Weeks1.55%
1 Month3.15%
3 Month63.75%
6 Month-8.07%
12 Month-12.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%6.68%
ATR Inc79.87%
Range Today0.15
ADR(20)0.17
ADR(20)%6.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.17
Mansfield-0.73
10 Day High2.77
10 Day Low2.23
20 Day High2.77
20 Day Low2.23
52 Week High6.2
52 Week Low1.33
CS1 End2.5
CR1 Start2.63
Volume & EV
DER(3)-8.61%
DER(5)7.05%
Volume58.80K
Volume Incr-1.71%
Vol(5)105.26K
Vol(50)2.04M