NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL - Nasdaq - US65345B2016 - Common Stock - Currency: USD
Taking everything into account, NXL scores 0 out of 10 in our technical rating. NXL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
65% of all other stocks performed better in the past year than NXL.
NXL is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry, NXL did better than 67% of them.
NXL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month NXL has a been trading in the 1.49 - 2.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NXL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone.
More info and screens
0.96
2.90
We found 4 important support areas.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.68 from a horizontal line in the weekly time frame.
- Support @1.62 from a horizontal line in the daily time frame.
- Support @0.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.84 to 1.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.81 from a trend line in the daily time frame.
- Resistance @2.87 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.56
Mansfield-1
10 Day High1.92
10 Day Low1.66
20 Day High2.31
20 Day Low1.49
52 Week High4.49
52 Week Low0.53
Performance
1 Week-2.19%
2 Weeks6.01%
1 Month-1.1%
3 Month-38.7%
6 Month-43.35%
12 Month24.74%
2 Year108.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)43.29
LBB1.66
UBB1.88
1.79
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0%
1 Week-2.19%
2 Weeks6.01%
1 Month-1.1%
3 Month-38.7%
6 Month-43.35%
12 Month24.74%
2 Year108.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%10.35%
ATR Inc-28.85%
Range Today0.08
ADR(20)0.18
ADR(20)%10.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.56
Mansfield-1
10 Day High1.92
10 Day Low1.66
20 Day High2.31
20 Day Low1.49
52 Week High4.49
52 Week Low0.53
CS1 End1.76
CR1 Start1.84
Volume & EV
DER(3)-3.57%
DER(5)-8.39%
Volume88.50K
Volume Incr-55.54%
Vol(5)47.40K
Vol(50)123.86K