Rexahn Pharmaceuticals (REXN) Technical Analysis
NASDAQ:REXN
Current stock price
REXN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to REXN. REXN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, REXN is a bad performer in the overall market: 84% of all stocks are doing better.
- REXN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month REXN has a been trading in the 1.72 - 2.38 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
REXN Weekly and Daily overview Charts
REXN Setup Rating and Analysis
The technical rating of REXN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
REXN Support and Resistance Analysis
1.78
We found 1 important support area.
- Support @1.80 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.04 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.17 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.00 from a horizontal line in the weekly time frame.
- Resistance @3.32 from a trend line in the daily time frame.
REXN 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 REXN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for REXN is down. |
| ChartMill Relative Strength | 16.76 | NEGATIVE | REXN has a low relative strength, it was outperformed by 83.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of REXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of REXN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REXN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.13 | NEUTRAL | The RSI value for REXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests REXN has a negative trend. |
| Stochastics (14,3) | 18.16 | OVERSOLD | The low Stochastics value suggests REXN may be oversold. |
| Average True Range in percent/ATR (20) | 8.72 | HIGH VOLATILITY | The high ATR as a percentage value for REXN suggests high volalility. |
REXN Chart- and CandleStick Pattern Analysis
REXN Technicals: Chart, Performance Metrics, Trend & Indicators
1.81
-0.06 (-3.21%)
Rexahn Pharmaceuticals / REXN TA FAQ
What is the technical rating for REXN stock?
ChartMill assigns a technical rating of 0 / 10 to REXN.
What is the trend direction for REXN stock?
The current trend direction for Rexahn Pharmaceuticals (REXN) is Bearish.
Can you provide the RSI signal for Rexahn Pharmaceuticals?
Rexahn Pharmaceuticals (REXN) has an RSI value of 34.1325. This indicates that the stock is currently neutral.
What is the short term momentum for Rexahn Pharmaceuticals (REXN) stock?
The short term momentum for Rexahn Pharmaceuticals (REXN) is negative.
What is the buy/sell signal for Rexahn Pharmaceuticals (REXN) stock?
The buy/sell signal for Rexahn Pharmaceuticals (REXN) is sell as both the short term and long term trends are negative.