SCILEX HOLDING CO (SCLX) Stock Technical Analysis
NASDAQ:SCLX - Nasdaq - US80880W2052 - Common Stock - Currency: USD
Taking everything into account, SCLX scores 3 out of 10 in our technical rating. In the past year, SCLX 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.
When comparing the yearly performance of all stocks, SCLX is a bad performer in the overall market: 99% of all stocks are doing better.
SCLX is one of the lesser performing stocks in the Pharmaceuticals industry. 86% of 195 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month SCLX has a been trading in the 4.53 - 7.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
4.86
7.05
When analyzing the support we notice one important area.
- Support @4.91 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.37 to 6.38. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.98 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 | DOWN | NEGATIVE | The long term trend for SCLX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCLX is up. |
| ChartMill Relative Strength | 1.84 | NEGATIVE | SCLX has a low relative strength, it was outperformed by 98.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SCLX is above a declining 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) | DOWN | NEGATIVE | The current price of SCLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.17 | NEUTRAL | The RSI value for SCLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SCLX has a positive trend. |
| Stochastics (14,3) | 86.69 | OVERBOUGHT | The high Stochastics value suggests SCLX may be overbought. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for SCLX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for SCLX suggests a possible start of a new 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)
6.36
+0.12 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.92%
1 Week20%
2 Weeks32.78%
1 Month-8.75%
3 Month-29.6%
6 Month-61.69%
12 Month-90.33%
2 Year-96.68%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%7.86%
ATR Inc-20.33%
Range Today0.37
ADR(20)0.5
ADR(20)%7.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.84
Mansfield-7.31
10 Day High6.47
10 Day Low4.53
20 Day High7.52
20 Day Low4.53
52 Week High73.5
52 Week Low3.6
CS1 End4.81
CR1 Start6.32
Volume & EV
DER(3)-5.86%
DER(5)-2.19%
Volume26.30K
Volume Incr-27.59%
Vol(5)90.48K
Vol(50)146.86K