XGN Technical Analysis - EXAGEN INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to XGN. Both in the recent history as in the last year, XGN has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that XGN is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, XGN also shows a nice and consistent pattern of rising prices.

XGN is part of the Biotechnology industry. There are 536 other stocks in this industry. XGN outperforms 95% of them.

XGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month XGN has a been trading in the 8.97 - 11.17 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although XGN has an excellent technical rating, the quality of the presented setup is not ideal 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

9.22

11.11

We found 3 important support areas.

Support @9.75 from a trend line in the daily time frame.
A support zone ranging from 9.53 to 9.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 9.31 to 9.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 10.90 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for XGN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for XGN is up.
ChartMill Relative Strength	97.9	POSITIVE	XGN has a high relative strength, it outperformed 97.9% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of XGN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of XGN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of XGN is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.48	NEUTRAL	The RSI value for XGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests XGN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.15	OVERBOUGHT	The high Stochastics value suggests XGN may be overbought.
Average True Range in percent/ATR (20)	4.33	MEDIUM VOLATILITY	The ATR as a percentage value for XGN suggests some volalility.
Average Directional Index/ADX (14)	22.96	NEUTRAL	The ADX value for XGN suggests a possible start of a new trend.