XENON PHARMACEUTICALS INC (XENE) Stock Technical Analysis
USA - NASDAQ:XENE - CA98420N1050 - Common Stock
39.61 USD
+0.41 (+1.05%)
39.61 USD
0 (0%)
Overall XENE gets a technical rating of 8 out of 10. Although XENE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month XENE has a been trading in the 35.60 - 40.52 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, XENE turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
XENE is an average performer in the Biotechnology industry, it outperforms 54% of 536 stocks in the same industry.
XENE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XENE is lagging the market.
Besides having an excellent technical rating, XENE also presents a decent setup pattern. 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 39.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.29, a Stop Loss order could be placed below this zone.
More info and screens
28.54
45.46
We found 4 important support areas.
- A support zone ranging from 37.60 to 38.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.65 to 36.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.11 to 32.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.83 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 39.73 to 40.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @43.75 from a horizontal line in the weekly time frame.
- Resistance @45.01 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 | UP | POSITIVE | The long term trend for XENE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XENE is up. |
| ChartMill Relative Strength | 61.92 | NEUTRAL | XENE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XENE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XENE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XENE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.59 | NEUTRAL | The RSI value for XENE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests XENE has a positive trend. |
| Stochastics (14,3) | 75.33 | NEUTRAL | The Stochastics value for XENE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for XENE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.84 | POSITIVE | The high ADX value value for XENE suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.75 | 37.59 | 3.16 (7.75%) | 12.90% |
| An entry @40.75. This is a Buy Stop order right above the resistance zone. | An exit @37.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.16 points, which is 7.75%. | For a 1.00% total portfolio risk, you can invest 12.90% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.61
+0.41 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.05%
1 Week4.29%
2 Weeks7.2%
1 Month1.02%
3 Month19.09%
6 Month34.73%
12 Month-2.75%
2 Year27.77%
3 Year8.31%
5 Year307.51%
10 Year392.05%
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%3.18%
ATR Inc-17.55%
Range Today1.02
ADR(20)1.22
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.92
Mansfield-0.39
10 Day High40.52
10 Day Low35.97
20 Day High40.52
20 Day Low35.6
52 Week High46
52 Week Low26.74
CS1 End38.29
CR1 Start39.73
Volume & EV
DER(3)-1.21%
DER(5)-0.88%
Volume537.20K
Volume Incr37.54%
Vol(5)939.78K
Vol(50)851.53K