60 DEGREES PHARMA INC (SXTP) Stock Technical Analysis
USA - NASDAQ:SXTP - US83006G4010 - Common Stock
Taking everything into account, SXTP scores 1 out of 10 in our technical rating. SXTP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SXTP 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 1.48. Right above this resistance zone may be a good entry point.
More info and screens
1.35
3 important resistance areas can be observed.
- A resistance zone ranging from 1.48 to 1.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.54 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.63 from a trend 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 SXTP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SXTP is down. |
| ChartMill Relative Strength | 7.14 | NEGATIVE | SXTP has a low relative strength, it was outperformed by 92.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SXTP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SXTP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SXTP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.21 | NEUTRAL | The RSI value for SXTP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SXTP has a negative trend. |
| Stochastics (14,3) | 5.5 | OVERSOLD | The low Stochastics value suggests SXTP may be oversold. |
| Average True Range in percent/ATR (20) | 8.46 | HIGH VOLATILITY | The high ATR as a percentage value for SXTP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for SXTP suggests a weak or negative trend. |
1.36
-0.02 (-1.45%)
60 DEGREES PHARMA INC / SXTP FAQ
What is the technical rating for SXTP stock?
ChartMill assigns a technical rating of 1 / 10 to SXTP.
Can you provide the trend direction for 60 DEGREES PHARMA INC?
The current trend direction for 60 DEGREES PHARMA INC (SXTP) is Bearish.
What is the RSI signal for SXTP stock?
60 DEGREES PHARMA INC (SXTP) has an RSI value of 41.2145. This indicates that the stock is currently neutral.
What is the MACD signal for 60 DEGREES PHARMA INC (SXTP) stock?
The MACD indicator for 60 DEGREES PHARMA INC (SXTP) has a value of -0.0217054, indicating a bearish trend.
Can you provide the support and resistance levels for 60 DEGREES PHARMA INC?
60 DEGREES PHARMA INC (SXTP) has a resistance level at 1.48. Check the full technical report for our detailed analysis of SXTP support and resistance levels.