SCILEX HOLDING CO (SCLX) Technical Analysis
NASDAQ:SCLX • US80880W2052
Current stock price
SCLX Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% of all other stocks performed better in the past year than SCLX.
- SCLX is one of the lesser performing stocks in the Pharmaceuticals industry. 68% of 193 stocks in the same industry do better.
- SCLX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SCLX is lagging the market.
- In the last month SCLX has a been trading in the 6.20 - 9.77 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.
SCLX Weekly and Daily overview Charts
SCLX Setup Rating and Analysis
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
SCLX Support and Resistance Analysis
6.35
2 important resistance areas can be observed.
- Resistance @7.05 from a trend line in the daily time frame.
- A resistance zone ranging from 7.98 to 7.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
SCLX 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 SCLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCLX is down. |
| ChartMill Relative Strength | 8.65 | NEGATIVE | SCLX has a low relative strength, it was outperformed by 91.35% 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) | 28.52 | OVERSOLD | The low RSI value suggests SCLX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SCLX has a negative trend. |
| Stochastics (14,3) | 4.78 | OVERSOLD | The low Stochastics value suggests SCLX may be oversold. |
| Average True Range in percent/ATR (20) | 10.11 | HIGH VOLATILITY | The high ATR as a percentage value for SCLX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for SCLX suggests a possible start of a new trend. |
SCLX Chart- and CandleStick Pattern Analysis
SCLX Technicals: Chart, Performance Metrics, Trend & Indicators
6.41
-0.17 (-2.58%)
SCILEX HOLDING CO / SCLX TA 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 28.5244. 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 -0.139101, 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.