NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
NASDAQ:NXL - Nasdaq - US65345B2016 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to NXL. NXL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
NXL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NXL is lagging the market.
NXL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
NXL is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 76% of 188 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that NXL is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NXL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
1.00
1.30
2 important support areas can be observed.
- A support zone ranging from 1.18 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 73.11 | POSITIVE | NXL has a high relative strength, it outperformed 73.11% 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) | 30.15 | 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) | 20.45 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.82 | 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 (5/30/2025, 1:31:09 PM)
1.19
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0%
1 Week-0.83%
2 Weeks-2.46%
1 Month-34.62%
3 Month-56.09%
6 Month-71.53%
12 Month70%
2 Year38.37%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%9.61%
ATR Inc-61.73%
Range Today0.05
ADR(20)0.09
ADR(20)%7.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.11
Mansfield-4.26
10 Day High1.37
10 Day Low1.17
20 Day High1.92
20 Day Low1.15
52 Week High4.49
52 Week Low0.53
CS1 End1.18
CR1 Start1.28
Volume & EV
DER(3)-4.44%
DER(5)3.08%
Volume60.30K
Volume Incr-52.44%
Vol(5)56.82K
Vol(50)106.76K