NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL - US65345B2016 - Common Stock
0.9563 USD
+0.04 (+4.19%)
0.93 USD
-0.03 (-2.75%)
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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
83% of all other stocks performed better in the past year than NXL.
NXL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
NXL has an average volume of 1189970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NXL is an average performer in the Health Care Equipment & Supplies industry, it outperforms 50% of 190 stocks in the same industry.
In the last month NXL has a been trading in the 0.70 - 1.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NXL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NXL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.94
1.30
When analyzing the support we notice one important area.
- A support zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1.00 from a trend line in the daily time frame.
- A resistance zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for NXL is neutral. |
| ChartMill Relative Strength | 17.9 | NEGATIVE | NXL has a low relative strength, it was outperformed by 82.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NXL is above 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) | 52.79 | NEUTRAL | The RSI value for NXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NXL has a positive trend. |
| Stochastics (14,3) | 36.18 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.33 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.47 | POSITIVE | The high ADX value value for NXL suggests a strong 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)
0.9563
+0.04 (+4.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.19%
1 Week-6.25%
2 Weeks21.95%
1 Month-3.3%
3 Month-19.64%
6 Month-64.71%
12 Month3.81%
2 Year114.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%11.33%
ATR Inc-15.47%
Range Today0.08
ADR(20)0.1
ADR(20)%10.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.9
Mansfield-5.64
10 Day High1.23
10 Day Low0.7
20 Day High1.23
20 Day Low0.7
52 Week High4.49
52 Week Low0.59
CS1 End0.95
CR1 Start1
Volume & EV
DER(3)8.41%
DER(5)7.31%
Volume382.30K
Volume Incr-65.39%
Vol(5)898.84K
Vol(50)1.19M