RXST Technical Analysis - RXSIGHT INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to RXST. In the past year, RXST was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

98% of all other stocks performed better in the past year than RXST.

RXST is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 83% of 190 stocks in the same industry do better.

RXST is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

RXST has an average volume of 1108070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month RXST has a been trading in the 8.29 - 10.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 the technical rating is bad, RXST does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.30

10.13

When analyzing the support we can see 2 important areas.

A support zone ranging from 9.32 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 8.38 to 8.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 2 important resistance areas.

Resistance @9.47 from a horizontal line in the weekly time frame.
A resistance zone ranging from 9.97 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for RXST is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RXST is up.
ChartMill Relative Strength	2.1	NEGATIVE	RXST has a low relative strength, it was outperformed by 97.9% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RXST is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RXST is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RXST is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.2	NEUTRAL	The RSI value for RXST is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests RXST has a positive trend, although the MACD value is declining.
Stochastics (14,3)	59.86	NEUTRAL	The Stochastics value for RXST is a neutral value.
Average True Range in percent/ATR (20)	5.37	HIGH VOLATILITY	The high ATR as a percentage value for RXST suggests high volalility.
Average Directional Index/ADX (14)	18.43	NEGATIVE	The low ADX value for RXST suggests a weak or negative trend.