RENOVORX INC (RNXT) Stock Technical Analysis
NASDAQ:RNXT - Nasdaq - US75989R1077 - Common Stock - Currency: USD
Overall RNXT gets a technical rating of 6 out of 10. RNXT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
RNXT is part of the Biotechnology industry. There are 555 other stocks in this industry. RNXT outperforms 80% of them.
Looking at the yearly performance, RNXT did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
RNXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNXT is lagging the market.
In the last month RNXT has a been trading in the 1.26 - 1.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNXT has an average technical rating and also the quality of the setup is only medium 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
0.79
1.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.36 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 RNXT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNXT is neutral. |
| ChartMill Relative Strength | 83.17 | POSITIVE | RNXT has a high relative strength, it outperformed 83.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNXT is above the rising 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) | 46.34 | NEUTRAL | The RSI value for RNXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RNXT has a negative trend. |
| Stochastics (14,3) | 47.92 | NEUTRAL | The Stochastics value for RNXT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for RNXT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.81 | POSITIVE | The high ADX value value for RNXT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.28
-0.07 (-5.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.19%
1 Week-7.25%
2 Weeks-5.88%
1 Month-5.19%
3 Month28%
6 Month-1.54%
12 Month13.27%
2 Year-43.36%
3 Year-35.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.12%
ATR Inc22.57%
Range Today0.09
ADR(20)0.06
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.17
Mansfield0.45
10 Day High1.42
10 Day Low1.26
20 Day High1.45
20 Day Low1.26
52 Week High1.69
52 Week Low0.75
CS1 End1.27
CR1 Start1.36
Volume & EV
DER(3)-15.69%
DER(5)-9.1%
Volume243.90K
Volume Incr23.28%
Vol(5)234.98K
Vol(50)177.61K