SCILEX HOLDING CO (SCLX) Stock Technical Analysis
USA - NASDAQ:SCLX - US80880W2052 - Common Stock
30 USD
+0.92 (+3.16%)
30.13 USD
+0.13 (+0.43%)
We assign a technical rating of 9 out of 10 to SCLX. Both in the recent history as in the last year, SCLX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SCLX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 96% of 196 stocks in the same industry.
SCLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SCLX is lagging the market slightly.
In the last month SCLX has a been trading in the 17.22 - 30.52 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SCLX is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SCLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.40
30.30
When analyzing the support we can see 2 important areas.
- Support @24.31 from a trend line in the daily time frame.
- Support @21.62 from a trend 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 | UP | POSITIVE | The long term trend for SCLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCLX is up. |
| ChartMill Relative Strength | 98.27 | POSITIVE | SCLX has a high relative strength, it outperformed 98.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.42 | OVERBOUGHT | The high RSI value suggests SCLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests SCLX has a positive trend. |
| Stochastics (14,3) | 88.81 | OVERBOUGHT | The high Stochastics value suggests SCLX may be overbought. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for SCLX suggests high volalility. |
| Average Directional Index/ADX (14) | 55.36 | POSITIVE | The high ADX value value for SCLX 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)
30
+0.92 (+3.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.16%
1 Week16.73%
2 Weeks29.87%
1 Month58.98%
3 Month395.87%
6 Month252.3%
12 Month-8.87%
2 Year-38.78%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.69
ATR(20)%7.55%
ATR Inc45.67%
Range Today2.02
ADR(20)2.19
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.27
Mansfield7.94
10 Day High30.52
10 Day Low21.59
20 Day High30.52
20 Day Low17.22
52 Week High39.9
52 Week Low3.6
CS1 End24.31
CR1 StartN/A
Volume & EV
DER(3)1.74%
DER(5)-2.65%
Volume165.40K
Volume Incr22.6%
Vol(5)255.88K
Vol(50)256.28K