XFOR Technical Analysis - X4 PHARMACEUTICALS INC

Technical Rating and Analysis

Taking everything into account, XFOR scores 3 out of 10 in our technical rating. XFOR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

XFOR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month XFOR has a been trading in the 2.80 - 3.72 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.

XFOR has an average volume of 4533570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, XFOR turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.

XFOR is an average performer in the Biotechnology industry, it outperforms 54% of 536 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

X4 PHARMACEUTICALS INC / XFOR Weekly stock chart

X4 PHARMACEUTICALS INC / XFOR Daily stock chart

Setup Rating and Analysis

The technical rating of XFOR 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.83

3.74

We can see 3 important resistance areas.

Resistance @3.45 from a trend line in the weekly time frame.
Resistance @3.64 from a trend line in the weekly time frame.
Resistance @3.70 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 XFOR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for XFOR is down.
ChartMill Relative Strength	67.5	NEUTRAL	XFOR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of XFOR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of XFOR is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of XFOR is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.79	NEUTRAL	The RSI value for XFOR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests XFOR has a negative trend.
Stochastics (14,3)	6.25	OVERSOLD	The low Stochastics value suggests XFOR may be oversold.
Average True Range in percent/ATR (20)	10.25	HIGH VOLATILITY	The high ATR as a percentage value for XFOR suggests high volalility.
Average Directional Index/ADX (14)	17.81	NEGATIVE	The low ADX value for XFOR suggests a weak or negative trend.