SALARIUS PHARMACEUTICALS INC (SLRX) Stock Technical Analysis
NASDAQ:SLRX - Nasdaq - US79400X4043 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SLRX. In the past year, SLRX 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.
84% of all other stocks performed better in the past year than SLRX.
SLRX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLRX is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SLRX has a been trading in the 0.61 - 1.33 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SLRX has an average volume of 1426610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLRX is an average performer in the Biotechnology industry, it outperforms 55% of 557 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SLRX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.14
2.27
We can see 2 important resistance areas.
- Resistance @1.35 from a trend line in the weekly time frame.
- Resistance @2.25 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 SLRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLRX is up. |
| ChartMill Relative Strength | 16.79 | NEGATIVE | SLRX has a low relative strength, it was outperformed by 83.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.93 | OVERBOUGHT | The high RSI value suggests SLRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SLRX has a positive trend. |
| Stochastics (14,3) | 71.7 | NEUTRAL | The Stochastics value for SLRX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for SLRX suggests high volalility. |
| Average Directional Index/ADX (14) | 26.52 | POSITIVE | The high ADX value value for SLRX suggests a strong 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)
1.15
+0.07 (+6.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.48%
1 Week62.66%
2 Weeks52.6%
1 Month47.38%
3 Month20.66%
6 Month-25.81%
12 Month-54.37%
2 Year-90.35%
3 Year-97.26%
5 Year-99.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%8.66%
ATR Inc141.4%
Range Today0.33
ADR(20)0.09
ADR(20)%7.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.79
Mansfield-2.53
10 Day High1.33
10 Day Low0.61
20 Day High1.33
20 Day Low0.61
52 Week High7.2
52 Week Low0.45
CS1 EndN/A
CR1 Start1.35
Volume & EV
DER(3)4.59%
DER(5)3.22%
Volume1.36M
Volume Incr39306.98%
Vol(5)13.72M
Vol(50)1.43M