EXAGEN INC (XGN) Stock Technical Analysis
NASDAQ:XGN • US30068X1037
Overall XGN gets a technical rating of 0 out of 10. XGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, XGN is a bad performer in the overall market: 86% of all stocks are doing better.
- XGN is one of the lesser performing stocks in the Biotechnology industry. 63% of 521 stocks in the same industry do better.
- XGN 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 XGN has a been trading in the 3.15 - 4.69 range, which is quite wide. It is currently trading near the lows of this range.
XGN has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
3.20
When analyzing the support we notice one important area.
- A support zone ranging from 3.23 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @4.72 from a trend line in the daily time frame.
- Resistance @7.73 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for XGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XGN is down. |
| ChartMill Relative Strength | 14.79 | NEGATIVE | XGN has a low relative strength, it was outperformed by 85.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.86 | NEUTRAL | The RSI value for XGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests XGN has a positive trend. |
| Stochastics (14,3) | 36.95 | NEUTRAL | The Stochastics value for XGN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for XGN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.09 | POSITIVE | The high ADX value value for XGN suggests a strong trend. |
3.7
+0.29 (+8.5%)
EXAGEN INC / XGN FAQ
Can you provide the ChartMill technical rating for EXAGEN INC?
ChartMill assigns a technical rating of 0 / 10 to XGN.
What is the trend direction for XGN stock?
The current trend direction for EXAGEN INC (XGN) is Bearish.
What is the RSI signal for EXAGEN INC (XGN) stock?
EXAGEN INC (XGN) has an RSI value of 40.8569. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EXAGEN INC?
The MACD indicator for EXAGEN INC (XGN) has a value of 0.114438, indicating a bearish trend.
What is the buy/sell signal for EXAGEN INC (XGN) stock?
The buy/sell signal for EXAGEN INC (XGN) is sell as both the short term and long term trends are negative.