NUTEX HEALTH INC (NUTX) Technical Analysis
NASDAQ:NUTX • US67079U3068
Taking everything into account, NUTX scores 1 out of 10 in our technical rating. NUTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- NUTX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NUTX is lagging the market.
- In the last month NUTX has a been trading in the 83.99 - 120.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the performance of all stocks over the past year, NUTX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- NUTX is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, NUTX did better than 68% of them.
The technical rating of NUTX is bad and it also does not present a quality setup 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
86.14
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 98.61 to 99.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 116.38 to 117.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 61.85 | NEUTRAL | NUTX is not amongst the best or worst performers 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) | 34.61 | NEUTRAL | The RSI value for NUTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests NUTX has a negative trend. |
| Stochastics (14,3) | 20.65 | NEUTRAL | The Stochastics value for NUTX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.77 | HIGH VOLATILITY | The high ATR as a percentage value for NUTX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.94 | NEUTRAL | The ADX value for NUTX suggests a possible start of a new trend. |
NUTX Technicals: Chart, Performance Metrics, Trend & Indicators
87.01
-3.48 (-3.85%)
NUTEX HEALTH INC / NUTX FAQ
What is the ChartMill technical rating of NUTEX HEALTH INC (NUTX) stock?
ChartMill assigns a technical rating of 1 / 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 34.6092. 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 -0.201484, 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.