We assign a technical rating of 4 out of 10 to RNXT. Recently some decent action could be observed, but in the medium term time frame this is still negative. RNXT was also a bad performer in the overall market in the last year.
- 87% of all other stocks performed better in the past year than RNXT.
- RNXT is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 61% are performing better than RNXT.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 0.79 - 1.25 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 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.86 from a trend line in the daily time frame.
- Support @0.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 13.99 | NEGATIVE | RNXT has a low relative strength, it was outperformed by 86.01% 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 | MIXED | The current price of RNXT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.3 | NEUTRAL | The RSI value for RNXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RNXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.62 | NEUTRAL | The Stochastics value for RNXT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for RNXT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.71 | NEGATIVE | The low ADX value for RNXT suggests a weak or negative trend. |
1.02
-0.01 (-0.97%)
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 54.2961. 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 0.0101727, indicating a bearish trend.
What is the support and resistance level for RNXT stock?
RENOVORX INC (RNXT) has a support level at 1.01 and a resistance level at 1.13. Check the full technical report for our detailed analysis of RNXT support and resistance levels.