NEXALIN TECHNOLOGY INC (NXL) Stock Technical Analysis
USA - NASDAQ:NXL - US65345B2016 - Common Stock
Taking everything into account, NXL scores 6 out of 10 in our technical rating. In the last year, NXL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, NXL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.44. Right above this resistance zone may be a good entry point.
More info and screens
0.80
When analyzing the support we can see 3 important areas.
- Support @0.88 from a trend line in the daily time frame.
- Support @0.84 from a trend line in the weekly time frame.
- Support @0.81 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.53 from a horizontal line in the weekly time frame.
- Resistance @1.59 from a trend line in the daily time frame.
- Resistance @1.73 from a trend line in the daily time frame.
- Resistance @1.85 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 | NEUTRAL | NEUTRAL | The long term trend for NXL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXL is up. |
| ChartMill Relative Strength | 23.33 | NEGATIVE | NXL has a low relative strength, it was outperformed by 76.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXL is above the rising 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) | 56.73 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 52.85 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 13.45 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 40.94 | POSITIVE | The high ADX value value for NXL suggests a strong trend. |
1.44
-0.04 (-2.7%)
NEXALIN TECHNOLOGY INC / NXL FAQ
Can you provide the ChartMill technical rating for NEXALIN TECHNOLOGY INC?
ChartMill assigns a technical rating of 6 / 10 to NXL.
What is the current trend direction of NEXALIN TECHNOLOGY INC (NXL) stock?
The current trend direction for NEXALIN TECHNOLOGY INC (NXL) is Bearish.
What is the RSI signal for NEXALIN TECHNOLOGY INC (NXL) stock?
NEXALIN TECHNOLOGY INC (NXL) has an RSI value of 56.7336. 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 positive.
Can you provide the support and resistance levels for NEXALIN TECHNOLOGY INC?
NEXALIN TECHNOLOGY INC (NXL) has a support level at 0.88 and a resistance level at 1.44. Check the full technical report for our detailed analysis of NXL support and resistance levels.