NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL - Nasdaq - US65345B2016 - Common Stock - Currency: USD
Taking everything into account, NXL scores 1 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.
When comparing the yearly performance of all stocks, NXL is a bad performer in the overall market: 82% of all stocks are doing better.
NXL 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.
In the last month NXL has a been trading in the 0.93 - 1.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NXL is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, NXL did better than 49% of them.
NXL has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.90
1.30
When analyzing the support we can see 2 important areas.
- Support @0.97 from a trend line in the weekly time frame.
- A support zone ranging from 0.91 to 0.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.14 from a trend line in the daily time frame.
- Resistance @1.29 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 NXL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXL is down. |
| ChartMill Relative Strength | 18.56 | NEGATIVE | NXL has a low relative strength, it was outperformed by 81.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NXL is below the rising 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) | UP | MIXED | The current price of NXL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for NXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NXL has a negative trend. |
| Stochastics (14,3) | 14.67 | OVERSOLD | The low Stochastics value suggests NXL may be oversold. |
| Average True Range in percent/ATR (20) | 10.22 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for NXL 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)
NASDAQ:NXL (8/5/2025, 10:42:19 AM)
0.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0%
1 Week-12.08%
2 Weeks-17.21%
1 Month4.58%
3 Month-21.77%
6 Month-73.29%
12 Month4.79%
2 Year123.01%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%10.22%
ATR Inc-29.8%
Range Today0.04
ADR(20)0.1
ADR(20)%9.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.56
Mansfield-5.39
10 Day High1.28
10 Day Low0.93
20 Day High1.28
20 Day Low0.93
52 Week High4.49
52 Week Low0.59
CS1 End0.97
CR1 Start1.07
Volume & EV
DER(3)-7.48%
DER(5)-8.75%
Volume15.55K
Volume Incr-45.65%
Vol(5)66.44K
Vol(50)99.21K