STEREOTAXIS INC (STXS) Technical Analysis
NYSEARCA:STXS • US85916J4094
Overall STXS gets a technical rating of 1 out of 10. STXS 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.
- 62% of all other stocks performed better in the past year than STXS.
- STXS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month STXS has a been trading in the 1.97 - 2.35 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.
- STXS is an average performer in the Health Care Equipment & Supplies industry, it outperforms 68% of 184 stocks in the same industry.
The technical rating of STXS 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.
More info and screens
1.95
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.23 to 2.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.39 from a trend line in the daily time frame.
- Resistance @2.43 from a trend line in the weekly time frame.
- Resistance @2.85 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for STXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STXS is down. |
| ChartMill Relative Strength | 38.78 | NEUTRAL | STXS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of STXS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STXS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STXS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.6 | NEUTRAL | The RSI value for STXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests STXS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.84 | NEUTRAL | The Stochastics value for STXS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for STXS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for STXS suggests a weak or negative trend. |
STXS Technicals: Chart, Performance Metrics, Trend & Indicators
1.97
-0.1 (-4.83%)
STEREOTAXIS INC / STXS FAQ
What is the ChartMill technical rating of STEREOTAXIS INC (STXS) stock?
ChartMill assigns a technical rating of 1 / 10 to STXS.
What is the current trend direction of STEREOTAXIS INC (STXS) stock?
The current trend direction for STEREOTAXIS INC (STXS) is Bearish.
Can you provide the RSI signal for STEREOTAXIS INC?
STEREOTAXIS INC (STXS) has an RSI value of 42.5979. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STEREOTAXIS INC?
The short term momentum for STEREOTAXIS INC (STXS) is negative.
What is the support and resistance level for STXS stock?
STEREOTAXIS INC (STXS) has a support level at 2.04 and a resistance level at 2.23. Check the full technical report for our detailed analysis of STXS support and resistance levels.