RGNX Technical Analysis - REGENXBIO INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to RGNX. Both in the recent history as in the last year, RGNX has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

RGNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RGNX is lagging the market slightly.

In the last month RGNX has a been trading in the 8.68 - 12.99 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that RGNX is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.

RGNX is part of the Biotechnology industry. There are 536 other stocks in this industry, RGNX did better than 68% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although RGNX has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.58

12.47

4 important support areas can be observed.

A support zone ranging from 11.55 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @9.91 from a trend line in the daily time frame.
Support @9.00 from a trend line in the weekly time frame.
Support @8.67 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @12.35 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for RGNX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RGNX is up.
ChartMill Relative Strength	85.41	POSITIVE	RGNX has a high relative strength, it outperformed 85.41% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RGNX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RGNX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RGNX is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.25	NEUTRAL	The RSI value for RGNX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests RGNX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.57	NEUTRAL	The Stochastics value for RGNX is a neutral value.
Average True Range in percent/ATR (20)	6.02	HIGH VOLATILITY	The high ATR as a percentage value for RGNX suggests high volalility.
Average Directional Index/ADX (14)	27.36	POSITIVE	The high ADX value value for RGNX suggests a strong trend.