REXAHN PHARMACEUTICALS INC (RNN) Technical Analysis
NYSEARCA:RNN
Current stock price
RNN Technical Rating and Analysis
Taking everything into account, RNN scores 0 out of 10 in our technical rating. RNN 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 96% of all other stocks performed better in the past year than RNN.
- RNN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RNN is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month RNN has a been trading in the 4.71 - 5.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNN Weekly and Daily overview Charts
RNN Setup Rating and Analysis
Although the technical rating is bad, RNN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.38. Right above this resistance zone may be a good entry point.
More info and screens
RNN Support and Resistance Analysis
4.77
When analyzing the support we notice one important area.
- Support @4.82 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.38 to 5.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.51 from a horizontal line in the daily time frame.
- Resistance @7.25 from a trend line in the weekly time frame.
- Resistance @8.71 from a trend line in the weekly time frame.
RNN 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 RNN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNN is neutral. |
| ChartMill Relative Strength | 4.58 | NEGATIVE | RNN has a low relative strength, it was outperformed by 95.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RNN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.11 | NEUTRAL | The RSI value for RNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RNN has a positive trend. |
| Stochastics (14,3) | 50.88 | NEUTRAL | The Stochastics value for RNN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.35 | HIGH VOLATILITY | The high ATR as a percentage value for RNN suggests high volalility. |
RNN Chart- and CandleStick Pattern Analysis
RNN Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:RNN (6/7/2019, 8:25:25 PM)
5.24
+0.01 (+0.19%)
REXAHN PHARMACEUTICALS INC / RNN TA FAQ
What is the ChartMill technical rating of REXAHN PHARMACEUTICALS INC (RNN) stock?
ChartMill assigns a technical rating of 0 / 10 to RNN.
What is the current trend direction of REXAHN PHARMACEUTICALS INC (RNN) stock?
The current trend direction for REXAHN PHARMACEUTICALS INC (RNN) is Bearish.
Can you provide the RSI signal for REXAHN PHARMACEUTICALS INC?
REXAHN PHARMACEUTICALS INC (RNN) has an RSI value of 47.1099. This indicates that the stock is currently neutral.
What is the short term momentum for REXAHN PHARMACEUTICALS INC (RNN) stock?
The short term momentum for REXAHN PHARMACEUTICALS INC (RNN) is neutral.