EXAGEN INC (XGN) Stock Technical Analysis
NASDAQ:XGN - US30068X1037 - Common Stock
10 USD
+0.37 (+3.84%)
10.17 USD
+0.17 (+1.7%)
Overall XGN gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XGN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, XGN did better than 97% of all other stocks. On top of that, XGN also shows a nice and consistent pattern of rising prices.
XGN is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 541 stocks in the same industry.
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.
XGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, XGN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XGN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
7.82
10.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.54 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.59 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.90 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.11 to 10.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 97.64 | POSITIVE | XGN has a high relative strength, it outperformed 97.64% 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) | 61.9 | NEUTRAL | The RSI value for XGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests XGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.48 | NEUTRAL | The Stochastics value for XGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for XGN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.44 | NEUTRAL | The ADX value for XGN suggests a possible start of a new 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 |
|---|---|---|---|
| 10.12 | 9.53 | 0.59 (5.83%) | 17.15% |
| An entry @10.12. This is a Buy Stop order right above the resistance zone. | An exit @9.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 5.83%. | For a 1.00% total portfolio risk, you can invest 17.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of XGN. 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.
10
+0.37 (+3.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.84%
1 Week1.12%
2 Weeks4.08%
1 Month2.79%
3 Month39.61%
6 Month179.21%
12 Month235.81%
2 Year310.74%
3 Year266.79%
5 Year-8.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%4.46%
ATR Inc24.72%
Range Today0.4
ADR(20)0.43
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield6.99
10 Day High10.28
10 Day Low9.46
20 Day High10.34
20 Day Low8.9
52 Week High10.34
52 Week Low2.38
CS1 End9.75
CR1 Start10.11
Volume & EV
DER(3)-0.13%
DER(5)7.09%
Volume507.26K
Volume Incr-23.04%
Vol(5)172.60K
Vol(50)301.31K