We assign a technical rating of 0 out of 10 to NXL. 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.
- When comparing the yearly performance of all stocks, NXL is a bad performer in the overall market: 98% of all stocks are doing better.
- NXL is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 83% are performing better 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.
- In the last month NXL has a been trading in the 0.54 - 0.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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. There is very little resistance above the current price.
More info and screens
0.67
When analyzing the support we notice one important area.
- A support zone ranging from 0.68 to 0.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.77 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 | DOWN | NEGATIVE | The short term trend for NXL is down. |
| ChartMill Relative Strength | 2.74 | NEGATIVE | NXL has a low relative strength, it was outperformed by 97.26% 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) | 45.88 | 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) | 61.24 | NEUTRAL | The Stochastics value for NXL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.59 | HIGH VOLATILITY | The high ATR as a percentage value for NXL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.52 | POSITIVE | The high ADX value value for NXL suggests a strong trend. |
0.7352
+0.06 (+8.12%)
NEXALIN TECHNOLOGY INC / NXL 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.
What is the RSI signal for NEXALIN TECHNOLOGY INC (NXL) stock?
NEXALIN TECHNOLOGY INC (NXL) has an RSI value of 45.8765. This indicates that the stock is currently neutral.
What is the MACD signal for NXL stock?
The MACD indicator for NEXALIN TECHNOLOGY INC (NXL) has a value of 0.0227614, indicating a bearish trend.
Can you provide the buy/sell signal for NEXALIN TECHNOLOGY INC?
The buy/sell signal for NEXALIN TECHNOLOGY INC (NXL) is sell as both the short term and long term trends are negative.