We assign a technical rating of 4 out of 10 to RNXT. In the last year, RNXT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RNXT has an average technical rating and it also does not offer a high 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
0.76
2 important support areas can be observed.
- Support @0.84 from a trend line in the daily time frame.
- Support @0.77 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @1.15 from a horizontal line in the daily time frame.
- Resistance @1.24 from a trend line in the weekly time frame.
- Resistance @1.26 from a trend line in the daily time frame.
- Resistance @1.36 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 | NEUTRAL | NEUTRAL | The long term trend for RNXT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNXT is up. |
| ChartMill Relative Strength | 21.59 | NEGATIVE | RNXT has a low relative strength, it was outperformed by 78.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNXT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.52 | NEUTRAL | The RSI value for RNXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RNXT has a positive trend. |
| Stochastics (14,3) | 80.34 | OVERBOUGHT | The high Stochastics value suggests RNXT may be overbought. |
| Average True Range in percent/ATR (20) | 7.93 | HIGH VOLATILITY | The high ATR as a percentage value for RNXT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.48 | NEGATIVE | The low ADX value for RNXT suggests a weak or negative trend. |
1.12
-0.03 (-2.61%)
RENOVORX INC / RNXT FAQ
What is the ChartMill technical rating of RENOVORX INC (RNXT) stock?
ChartMill assigns a technical rating of 4 / 10 to RNXT.
What is the trend direction for RNXT stock?
The current trend direction for RENOVORX INC (RNXT) is Bearish.
What is the RSI signal for RNXT stock?
RENOVORX INC (RNXT) has an RSI value of 64.5223. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RENOVORX INC?
The MACD indicator for RENOVORX INC (RNXT) has a value of 0.0311152, indicating a bearish trend.
What is the support and resistance level for RNXT stock?
RENOVORX INC (RNXT) has a support level at 0.84 and a resistance level at 1.15. Check the full technical report for our detailed analysis of RNXT support and resistance levels.