NUTEX HEALTH INC (NUTX) Stock Technical Analysis
NASDAQ:NUTX • US67079U3068
Overall NUTX gets a technical rating of 3 out of 10. Although NUTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month NUTX has a been trading in the 95.50 - 170.00 range, which is quite wide. It is currently trading near the lows of this range.
- NUTX is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. NUTX outperforms 78% of them.
- Looking at the yearly performance, NUTX did better than 83% of all other stocks. On top of that, NUTX also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
- NUTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUTX is lagging the market.
NUTX has a poor technical rating and the quality of the setup is also only medium 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
98.21
When analyzing the support we notice one important area.
- A support zone ranging from 99.20 to 102.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 103.62 to 105.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @141.31 from a trend line in the daily time frame.
- Resistance @180.06 from a trend line in the daily time frame.
- Resistance @190.49 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for NUTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NUTX is down. |
| ChartMill Relative Strength | 83.45 | POSITIVE | NUTX has a high relative strength, it outperformed 83.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NUTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NUTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.17 | NEUTRAL | The RSI value for NUTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.69 | NEGATIVE | The MACD value suggests NUTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.01 | OVERSOLD | The low Stochastics value suggests NUTX may be oversold. |
| Average True Range in percent/ATR (20) | 11.59 | HIGH VOLATILITY | The high ATR as a percentage value for NUTX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.23 | POSITIVE | The high ADX value value for NUTX suggests a strong trend. |
103.61
-0.9 (-0.86%)
NUTEX HEALTH INC / NUTX FAQ
What is the ChartMill technical rating of NUTEX HEALTH INC (NUTX) stock?
ChartMill assigns a technical rating of 3 / 10 to NUTX.
Can you provide the trend direction for NUTEX HEALTH INC?
The current trend direction for NUTEX HEALTH INC (NUTX) is Bearish.
What is the RSI signal for NUTX stock?
NUTEX HEALTH INC (NUTX) has an RSI value of 34.167. This indicates that the stock is currently neutral.
What is the MACD signal for NUTEX HEALTH INC (NUTX) stock?
The MACD indicator for NUTEX HEALTH INC (NUTX) has a value of -1.68914, indicating a bearish trend.
What is the buy/sell signal for NUTEX HEALTH INC (NUTX) stock?
The buy/sell signal for NUTEX HEALTH INC (NUTX) is sell as both the short term and long term trends are negative.