NEXGEL INC (NXGL) Stock Technical Analysis
NASDAQ:NXGL - US65344E1073 - Common Stock
2.35 USD
-0.01 (-0.42%)
2.31 USD
-0.04 (-1.7%)
Taking everything into account, NXGL scores 0 out of 10 in our technical rating. NXGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, NXGL is a bad performer in the overall market: 79% of all stocks are doing better.
NXGL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
NXGL is an average performer in the Health Care Equipment & Supplies industry, it outperforms 53% of 185 stocks in the same industry.
In the last month NXGL has a been trading in the 2.20 - 2.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NXGL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.14
2.79
We found 3 important support areas.
- Support @2.26 from a trend line in the weekly time frame.
- Support @2.21 from a horizontal line in the daily time frame.
- Support @2.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.45 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.60 from a trend line in the daily time frame.
- Resistance @2.70 from a horizontal line in the weekly time frame.
- Resistance @2.76 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 NXGL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NXGL is neutral. |
| ChartMill Relative Strength | 21.58 | NEGATIVE | NXGL has a low relative strength, it was outperformed by 78.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.92 | NEUTRAL | The RSI value for NXGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NXGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.6 | NEUTRAL | The Stochastics value for NXGL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for NXGL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for NXGL 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)
2.35
-0.01 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.42%
1 Week-1.67%
2 Weeks-13.28%
1 Month-0.42%
3 Month8.29%
6 Month-24.19%
12 Month-18.69%
2 Year-4.86%
3 Year28.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%7.96%
ATR Inc-4.99%
Range Today0.16
ADR(20)0.18
ADR(20)%7.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.58
Mansfield-2.68
10 Day High2.66
10 Day Low2.2
20 Day High2.75
20 Day Low2.2
52 Week High5.1
52 Week Low2.1
CS1 End2.26
CR1 Start2.45
Volume & EV
DER(3)-8.4%
DER(5)-17.78%
Volume48.00K
Volume Incr-47.03%
Vol(5)34.82K
Vol(50)46.92K