Technical Analysis for LEXX - Lexaria Bioscience Corp.

Grade Last Price % Change Price Change
C 3.54 3.21% 0.11
LEXX closed up 3.21 percent on Wednesday, May 8, 2024, on 19 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
50 DMA Support Bullish 3.21%
Pocket Pivot Bullish Swing Setup 3.21%
Inside Day Range Contraction 3.21%
Wide Bands Range Expansion 3.21%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 4 hours ago
Rose Above Previous Day's High about 8 hours ago
Down 2 % about 8 hours ago
Down 1% about 8 hours ago
Up 2% about 8 hours ago

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Profile

Lexaria Bioscience Corp. operates in the drug delivery platform business. It develops and out-licenses its DehydraTECH technology for the delivery of bioactive compounds that promotes healthy ingestion methods, lower overall dosing, and higher effectiveness in active molecule delivery. The company has licensed DehydraTECH to various companies operating in the nicotine, pharmaceutical, nutraceutical, and vitamin industries. Lexaria Bioscience Corp. was founded in 2004 and is headquartered in Kelowna, Canada.
Classification

Sector: Consumer Defensive
Industry: Packaged Foods
Keywords: Health Sciences Pharmacy Psychoactive Drugs Drug Delivery Smoking Nutraceutical Nicotine Anxiolytics

Is LEXX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.85
52 Week Low 0.6489
Average Volume 538,189
200-Day Moving Average 1.80
50-Day Moving Average 3.27
20-Day Moving Average 2.63
10-Day Moving Average 3.01
Average True Range 0.36
RSI (14) 61.54
ADX 23.55
+DI 33.33
-DI 15.09
Chandelier Exit (Long, 3 ATRs) 2.60
Chandelier Exit (Short, 3 ATRs) 2.93
Upper Bollinger Bands 3.66
Lower Bollinger Band 1.59
Percent B (%b) 0.94
BandWidth 79.05
MACD Line 0.11
MACD Signal Line -0.05
MACD Histogram 0.1582
Fundamentals Value
Market Cap 37.36 Million
Num Shares 10.6 Million
EPS -0.84
Price-to-Earnings (P/E) Ratio -4.21
Price-to-Sales 85.26
Price-to-Book 5.36
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.87
Resistance 3 (R3) 3.84 3.70 3.81
Resistance 2 (R2) 3.70 3.62 3.71 3.80
Resistance 1 (R1) 3.62 3.56 3.66 3.65 3.78
Pivot Point 3.48 3.48 3.50 3.49 3.48
Support 1 (S1) 3.40 3.40 3.44 3.43 3.30
Support 2 (S2) 3.26 3.34 3.28 3.28
Support 3 (S3) 3.18 3.26 3.27
Support 4 (S4) 3.21