NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL - Nasdaq - US65345B2016 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to NXL. 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.
96% 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. 80% of 187 stocks in the same industry do 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 0.89 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NXL has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
0.91
1.02
We found 2 important support areas.
- Support @0.94 from a trend line in the daily time frame.
- A support zone ranging from 0.92 to 0.92. 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 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 4.24 | NEGATIVE | NXL has a low relative strength, it was outperformed by 95.76% 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) | UP | MIXED | The current price of NXL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.95 | NEUTRAL | The RSI value for NXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NXL has a positive trend. |
| Stochastics (14,3) | 37.39 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.15 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for NXL suggests a possible start of a new 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)
0.9951
0 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.09%
1 Week3.65%
2 Weeks-0.49%
1 Month-18.43%
3 Month-46.21%
6 Month-62.59%
12 Month-29.92%
2 Year22.85%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%8.15%
ATR Inc7.91%
Range Today0.13
ADR(20)0.08
ADR(20)%7.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.24
Mansfield-5.37
10 Day High1.1
10 Day Low0.89
20 Day High1.24
20 Day Low0.89
52 Week High4.49
52 Week Low0.59
CS1 End0.94
CR1 Start1.01
Volume & EV
DER(3)1.17%
DER(5)1.13%
Volume187.70K
Volume Incr-8.37%
Vol(5)79.76K
Vol(50)99.87K