NEXALIN TECHNOLOGY INC (NXL) Technical Analysis
NASDAQ:NXL • US65345B2016
Current stock price
NXL Technical Rating and Analysis
Overall NXL gets a technical rating of 0 out of 10. 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.
- 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 188 other stocks in this industry, of which 85% are performing better than NXL.
- 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 0.33 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
NXL Weekly and Daily overview Charts
NXL Setup Rating and Analysis
NXL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.39. Right above this resistance zone may be a good entry point.
More info and screens
NXL Support and Resistance Analysis
0.38
We found 1 important support area.
- Support @0.38 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 2.99 | NEGATIVE | NXL has a low relative strength, it was outperformed by 97.01% 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) | 44.03 | 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) | 23.63 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.75 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.86 | 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
0.38
+0.03 (+8.57%)
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.
Can you provide the RSI signal for NEXALIN TECHNOLOGY INC?
NEXALIN TECHNOLOGY INC (NXL) has an RSI value of 44.0326. This indicates that the stock is currently neutral.
What is the short term momentum for NEXALIN TECHNOLOGY INC (NXL) stock?
The short term momentum for NEXALIN TECHNOLOGY INC (NXL) is negative.
What is the support and resistance level for NXL stock?
NEXALIN TECHNOLOGY INC (NXL) has a support level at 0.38 and a resistance level at 0.39. Check the full technical report for our detailed analysis of NXL support and resistance levels.