STXS Technical Analysis - STEREOTAXIS INC

Technical Rating and Analysis

Taking everything into account, STXS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STXS is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, STXS did better than 90% of all other stocks.

STXS is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. STXS outperforms 92% of them.

STXS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month STXS has a been trading in the 2.73 - 3.21 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STEREOTAXIS INC / STXS Weekly stock chart

STEREOTAXIS INC / STXS Daily stock chart

Setup Rating and Analysis

STXS has an excellent technical rating, but the quality of the setup is only medium 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

2.45

3.17

4 important support areas can be observed.

A support zone ranging from 3.00 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @2.80 from a horizontal line in the weekly time frame.
A support zone ranging from 2.70 to 2.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.47 from a trend line in the daily time frame.

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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	UP	POSITIVE	The long term trend for STXS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for STXS is up.
ChartMill Relative Strength	90.8	POSITIVE	STXS has a high relative strength, it outperformed 90.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of STXS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of STXS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of STXS is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.39	NEUTRAL	The RSI value for STXS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests STXS has a positive trend.
Stochastics (14,3)	78.69	NEUTRAL	The Stochastics value for STXS is a neutral value.
Average True Range in percent/ATR (20)	3.62	MEDIUM VOLATILITY	The ATR as a percentage value for STXS suggests some volalility.
Average Directional Index/ADX (14)	32.29	POSITIVE	The high ADX value value for STXS suggests a strong trend.