NXGL Technical Analysis - NEXGEL INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to NXGL. In the last year, NXGL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

67% of all other stocks performed better in the past year than NXGL.

NXGL 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.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

NXGL is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, NXGL did better than 58% of them.

In the last month NXGL has a been trading in the 2.31 - 2.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NXGL has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.19

2.79

3 important support areas can be observed.

Support @2.35 from a horizontal line in the daily time frame.
Support @2.25 from a trend line in the daily time frame.
A support zone ranging from 2.21 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 2.66 to 2.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for NXGL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NXGL is neutral.
ChartMill Relative Strength	33.26	NEUTRAL	NXGL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NXGL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NXGL is above 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)	54.86	NEUTRAL	The RSI value for NXGL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests NXGL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.62	NEUTRAL	The Stochastics value for NXGL is a neutral value.
Average True Range in percent/ATR (20)	6.09	HIGH VOLATILITY	The high ATR as a percentage value for NXGL suggests high volalility.
Average Directional Index/ADX (14)	21.34	NEUTRAL	The ADX value for NXGL suggests a possible start of a new trend.