SCNX Technical Analysis - SCIENTURE HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SCNX. SCNX'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.

When comparing the yearly performance of all stocks, SCNX is a bad performer in the overall market: 100% of all stocks are doing better.

SCNX is one of the lesser performing stocks in the Health Care Technology industry. 88% of 35 stocks in the same industry do better.

SCNX 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.

In the last month SCNX has a been trading in the 0.75 - 1.16 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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCIENTURE HOLDINGS INC / SCNX Weekly stock chart

SCIENTURE HOLDINGS INC / SCNX Daily stock chart

Setup Rating and Analysis

The technical rating of SCNX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.79

0.89

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.87 to 0.88. 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 SCNX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SCNX is down.
ChartMill Relative Strength	0.89	NEGATIVE	SCNX has a low relative strength, it was outperformed by 99.11% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SCNX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SCNX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SCNX is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.76	OVERSOLD	The low RSI value suggests SCNX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SCNX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	18.99	OVERSOLD	The low Stochastics value suggests SCNX may be oversold.
Average True Range in percent/ATR (20)	8.92	HIGH VOLATILITY	The high ATR as a percentage value for SCNX suggests high volalility.
Average Directional Index/ADX (14)	20.15	NEUTRAL	The ADX value for SCNX suggests a possible start of a new trend.