SCYNEXIS INC (SCYX) Stock Technical Analysis
NASDAQ:SCYX • US8112922005
Overall SCYX gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SCYX was also a bad performer in the overall market in the last year.
- 72% of all other stocks performed better in the past year than SCYX.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- SCYX is an average performer in the Pharmaceuticals industry, it outperforms 50% of 191 stocks in the same industry.
- SCYX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCYX is lagging the market.
- In the last month SCYX has a been trading in the 0.64 - 0.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SCYX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.82. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SCYX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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4 important support areas can be observed.
- Support @0.81 from a horizontal line in the daily time frame.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.59 from a horizontal line in the weekly time frame.
- Support @0.58 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.82 to 0.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.89 from a trend line in the weekly time frame.
- Resistance @0.93 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SCYX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCYX is up. |
| ChartMill Relative Strength | 28.06 | NEGATIVE | SCYX has a low relative strength, it was outperformed by 71.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCYX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCYX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SCYX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.74 | NEUTRAL | The RSI value for SCYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SCYX has a positive trend. |
| Stochastics (14,3) | 57.24 | NEUTRAL | The Stochastics value for SCYX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for SCYX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.9 | POSITIVE | The high ADX value value for SCYX suggests a strong trend. |
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SCYNEXIS INC / SCYX FAQ
Can you provide the ChartMill technical rating for SCYNEXIS INC?
ChartMill assigns a technical rating of 5 / 10 to SCYX.
What is the trend direction for SCYX stock?
The current trend direction for SCYNEXIS INC (SCYX) is Bearish.
What is the RSI signal for SCYX stock?
SCYNEXIS INC (SCYX) has an RSI value of 60.7357. This indicates that the stock is currently neutral.
What is the support and resistance level for SCYX stock?
SCYNEXIS INC (SCYX) has a support level at 0.81 and a resistance level at 0.82. Check the full technical report for our detailed analysis of SCYX support and resistance levels.