XENON PHARMACEUTICALS INC (XENE) Stock Technical Analysis
NASDAQ:XENE - Nasdaq - CA98420N1050 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to XENE. XENE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
93% of all other stocks performed better in the past year than XENE.
XENE is part of the Biotechnology industry. There are 553 other stocks in this industry, of which 63% are performing better than XENE.
XENE 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 XENE has a been trading in the 30.23 - 33.83 range, which is quite wide. It is currently trading near the lows of this range.
XENE has an average volume of 1185980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
XENE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.85, a Stop Loss order could be placed below this zone.
More info and screens
27.95
44.19
We found 2 important support areas.
- A support zone ranging from 28.83 to 28.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 28.23 to 28.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 31.34 to 32.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.26 to 33.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.56 to 35.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.31 from a horizontal line in the daily time frame.
- Resistance @43.75 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for XENE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XENE is down. |
| ChartMill Relative Strength | 7.73 | NEGATIVE | XENE has a low relative strength, it was outperformed by 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XENE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of XENE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XENE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.2 | NEUTRAL | The RSI value for XENE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests XENE has a negative trend. |
| Stochastics (14,3) | 6.79 | OVERSOLD | The low Stochastics value suggests XENE may be oversold. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for XENE suggests some volalility. |
| Average Directional Index/ADX (14) | 9.34 | NEGATIVE | The low ADX value for XENE suggests a weak or negative 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)
30.3
-0.71 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.29%
1 Week-4.08%
2 Weeks-5.93%
1 Month-5.9%
3 Month-19.46%
6 Month-24.16%
12 Month-31.07%
2 Year-17.93%
3 Year-8.6%
5 Year177.22%
10 Year178.24%
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%3.82%
ATR Inc-22.72%
Range Today1.16
ADR(20)1.14
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.73
Mansfield-2.63
10 Day High33.23
10 Day Low30.24
20 Day High33.83
20 Day Low30.24
52 Week High46
52 Week Low26.74
CS1 End28.85
CR1 Start31.34
Volume & EV
DER(3)1.37%
DER(5)0.24%
Volume969.90K
Volume Incr-51.61%
Vol(5)740.80K
Vol(50)1.19M