NEXALIN TECHNOLOGY INC (NXL) Technical Analysis
NASDAQ:NXL • US65345B2016
Current stock price
NXL Technical Rating and Analysis
Taking everything into account, NXL scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than NXL.
- NXL is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 88% of 184 stocks in the same industry do better.
- NXL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so NXL is lagging the market.
- In the last month NXL has a been trading in the 0.36 - 0.65 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
NXL Weekly and Daily overview Charts
NXL Setup Rating and Analysis
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
NXL Support and Resistance Analysis
0.39
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.46 from a trend line in the daily time frame.
NXL 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 | 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 | 2.22 | NEGATIVE | NXL has a low relative strength, it was outperformed by 97.78% 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) | 35.53 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 14.72 | OVERSOLD | The low Stochastics value suggests NXL may be oversold. |
| Average True Range in percent/ATR (20) | 11.18 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for NXL suggests a weak or negative trend. |
NXL Chart- and CandleStick Pattern Analysis
NXL Technicals: Chart, Performance Metrics, Trend & Indicators
0.3952
-0.01 (-2.56%)
NEXALIN TECHNOLOGY INC / NXL TA 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 35.5297. 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 0.00154704, 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.