XENON PHARMACEUTICALS INC (XENE) Stock Technical Analysis
NASDAQ:XENE - CA98420N1050 - Common Stock
38.64 USD
-0.19 (-0.49%)
38.6 USD
-0.04 (-0.1%)
Taking everything into account, XENE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, XENE is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month XENE has a been trading in the 32.78 - 39.84 range, which is quite wide. It is currently trading near the high of this range.
XENE has an average volume of 1162260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, XENE outperforms 65% of them, which is more or less in line with the market.
XENE is part of the Biotechnology industry. There are 542 other stocks in this industry, XENE did better than 65% of them.
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.
Considerably lower volume is observed in the last couple of days.
XENE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.63, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.54
44.19
4 important support areas can be observed.
- A support zone ranging from 38.14 to 38.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.35 to 37.53. 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 31.39 to 31.57. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.68 to 39.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 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 | 65.09 | 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) | 65.01 | NEUTRAL | The RSI value for XENE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests XENE has a negative trend. |
| Stochastics (14,3) | 71.78 | NEUTRAL | The Stochastics value for XENE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for XENE suggests some volalility. |
| Average Directional Index/ADX (14) | 47.91 | 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 |
|---|---|---|---|
| 39.45 | 38.13 | 1.32 (3.35%) | 25.00% |
| An entry @39.45. This is a Buy Stop order right above the resistance zone. | An exit @38.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.32 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of XENE. Please evaluate whether better entry and exit points can be found.
- 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.
38.64
-0.19 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.49%
1 Week-0.59%
2 Weeks2.66%
1 Month12.75%
3 Month22.12%
6 Month5.86%
12 Month0.44%
2 Year13.11%
3 Year7.04%
5 Year249.05%
10 Year367.8%
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.27%
ATR Inc-7.39%
Range Today0.8
ADR(20)1.21
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.09
Mansfield-0.49
10 Day High39.84
10 Day Low37.05
20 Day High39.84
20 Day Low32.78
52 Week High46
52 Week Low26.74
CS1 End38.63
CR1 Start38.68
Volume & EV
DER(3)1.02%
DER(5)0.6%
Volume744.20K
Volume Incr-35.84%
Vol(5)638.86K
Vol(50)1.16M