SRX HEALTH SOLUTIONS INC (SRXH) Stock Technical Analysis
NYSEARCA:SRXH • US08771Y4026
Taking everything into account, SRXH scores 0 out of 10 in our technical rating. SRXH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than SRXH.
- SRXH is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, of which 97% are performing better than SRXH.
- SRXH 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 SRXH is lagging the market.
- SRXH has an average volume of 30515600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SRXH has a been trading in the 0.08 - 0.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SRXH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.13. Right above this resistance zone may be a good entry point.
More info and screens
0.11
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SRXH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRXH is down. |
| ChartMill Relative Strength | 0.9 | NEGATIVE | SRXH has a low relative strength, it was outperformed by 99.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRXH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRXH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SRXH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.42 | NEUTRAL | The RSI value for SRXH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SRXH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.54 | NEUTRAL | The Stochastics value for SRXH is a neutral value. |
| Average True Range in percent/ATR (20) | 17.97 | HIGH VOLATILITY | The high ATR as a percentage value for SRXH suggests high volalility. |
| Average Directional Index/ADX (14) | 12.74 | NEGATIVE | The low ADX value for SRXH suggests a weak or negative trend. |
0.1158
-0.01 (-4.93%)
SRX HEALTH SOLUTIONS INC / SRXH FAQ
What is the ChartMill technical rating of SRX HEALTH SOLUTIONS INC (SRXH) stock?
ChartMill assigns a technical rating of 0 / 10 to SRXH.
Can you provide the trend direction for SRX HEALTH SOLUTIONS INC?
The current trend direction for SRX HEALTH SOLUTIONS INC (SRXH) is Bearish.
What is the RSI signal for SRXH stock?
SRX HEALTH SOLUTIONS INC (SRXH) has an RSI value of 40.4184. This indicates that the stock is currently neutral.
What is the short term momentum for SRX HEALTH SOLUTIONS INC (SRXH) stock?
The short term momentum for SRX HEALTH SOLUTIONS INC (SRXH) is negative.
What is the support and resistance level for SRXH stock?
SRX HEALTH SOLUTIONS INC (SRXH) has a resistance level at 0.13. Check the full technical report for our detailed analysis of SRXH support and resistance levels.