Rexahn Pharmaceuticals (REXN) Stock Technical Analysis
USA - NASDAQ:REXN -
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.
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
1.78
We found 1 important support area.
- Support @1.80 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- 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.
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. |
1.81
-0.06 (-3.21%)
Rexahn Pharmaceuticals / REXN FAQ
What is the technical rating for REXN stock?
ChartMill assigns a technical rating of 0 / 10 to REXN.
What is the current trend direction of Rexahn Pharmaceuticals (REXN) stock?
The current trend direction for Rexahn Pharmaceuticals (REXN) is Bearish.
What is the RSI signal for Rexahn Pharmaceuticals (REXN) stock?
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 REXN stock?
The short term momentum for Rexahn Pharmaceuticals (REXN) is negative.
Can you provide the support and resistance levels for Rexahn Pharmaceuticals?
Rexahn Pharmaceuticals (REXN) has a support level at 1.8 and a resistance level at 2.04. Check the full technical report for our detailed analysis of REXN support and resistance levels.