NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL • US65345B2016
Overall NXL gets a technical rating of 0 out of 10. NXL 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than NXL.
- NXL is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 84% are performing better than NXL.
- NXL 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.
- In the last month NXL has a been trading in the 0.37 - 0.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NXL 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
0.49
When analyzing the resistance we notice 2 important areas.
- Resistance @0.52 from a trend line in the daily time frame.
- Resistance @0.55 from a trend 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 NXL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXL is down. |
| ChartMill Relative Strength | 2.25 | NEGATIVE | NXL has a low relative strength, it was outperformed by 97.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for NXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NXL has a positive trend. |
| Stochastics (14,3) | 29 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.31 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.62 | POSITIVE | The high ADX value value for NXL suggests a strong trend. |
0.4981
+0.04 (+8.57%)
NEXALIN TECHNOLOGY INC / NXL FAQ
Can you provide the ChartMill technical rating for NEXALIN TECHNOLOGY INC?
ChartMill assigns a technical rating of 0 / 10 to NXL.
Can you provide the trend direction for NEXALIN TECHNOLOGY INC?
The current trend direction for NEXALIN TECHNOLOGY INC (NXL) is Bearish.
What is the RSI signal for NEXALIN TECHNOLOGY INC (NXL) stock?
NEXALIN TECHNOLOGY INC (NXL) has an RSI value of 42.3259. This indicates that the stock is currently neutral.
What is the MACD signal for NXL stock?
The MACD indicator for NEXALIN TECHNOLOGY INC (NXL) has a value of 0.00125388, indicating a bearish trend.
Can you provide the buy/sell signal for NEXALIN TECHNOLOGY INC?
The buy/sell signal for NEXALIN TECHNOLOGY INC (NXL) is sell as both the short term and long term trends are negative.