Taking everything into account, SCLX scores 0 out of 10 in our technical rating. SCLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SCLX is a bad performer in the overall market: 94% of all stocks are doing better.
- SCLX is part of the Pharmaceuticals industry. There are 190 other stocks in this industry, of which 75% are performing better than SCLX.
- SCLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SCLX has a been trading in the 8.24 - 14.05 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of SCLX is bad and it also does not present a 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
8.43
When analyzing the resistance we notice 3 important areas.
- Resistance @9.81 from a trend line in the daily time frame.
- Resistance @14.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.68 to 14.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SCLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCLX is down. |
| ChartMill Relative Strength | 6.72 | NEGATIVE | SCLX has a low relative strength, it was outperformed by 93.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SCLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.77 | OVERSOLD | The low RSI value suggests SCLX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests SCLX has a negative trend. |
| Stochastics (14,3) | 5.61 | OVERSOLD | The low Stochastics value suggests SCLX may be oversold. |
| Average True Range in percent/ATR (20) | 11.4 | HIGH VOLATILITY | The high ATR as a percentage value for SCLX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.52 | POSITIVE | The high ADX value value for SCLX suggests a strong trend. |
8.52
-0.17 (-1.96%)
SCILEX HOLDING CO / SCLX FAQ
Can you provide the ChartMill technical rating for SCILEX HOLDING CO?
ChartMill assigns a technical rating of 0 / 10 to SCLX.
Can you provide the trend direction for SCILEX HOLDING CO?
The current trend direction for SCILEX HOLDING CO (SCLX) is Bearish.
Can you provide the RSI signal for SCILEX HOLDING CO?
SCILEX HOLDING CO (SCLX) has an RSI value of 24.7742. This indicates that the stock is currently oversold.
What is the MACD signal for SCLX stock?
The MACD indicator for SCILEX HOLDING CO (SCLX) has a value of -0.171062, indicating a bearish trend.
What is the buy/sell signal for SCILEX HOLDING CO (SCLX) stock?
The buy/sell signal for SCILEX HOLDING CO (SCLX) is sell as both the short term and long term trends are negative.