Technical Analysis for NXL - Nexalin Technology, Inc.

Grade Last Price % Change Price Change
D 1.21 -6.92% -0.09
NXL closed down 6.92 percent on Wednesday, May 8, 2024, on 4 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. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Doji - Bullish? Reversal -6.92%
Wide Bands Range Expansion -6.92%

   Recent Intraday Alerts

Alert Time
Down 5% about 4 hours ago
Possible NR7 about 4 hours ago
60 Minute Opening Range Breakdown about 4 hours ago
Down 3% about 8 hours ago
Fell Below Previous Day's Low about 8 hours ago

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Profile

Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. It licenses and markets Nexalin Device, a non-invasive and drug-free therapy for the treatment of anxiety and insomnia. The company's Nexalin device emits a patented frequency-based waveform, which stimulates a positive response from the mid-brain structures associated with various mental health disorders. It also engages in the development of Generation 2, a medical device that is in clinical trials for the treatment of substance abuse issues related to opiates, chronic pain, Alzheimer's disease, and dementia. The company was incorporated in 2021 and is headquartered in Houston, Texas.
Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Neuroscience Alzheimer's Disease Mental Health Chronic Pain Dementia Psychiatric Diagnosis Psychiatry Insomnia Mental Disorder Neurostimulation Mental Health Disorders

Is NXL 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 3.4
52 Week Low 0.2528
Average Volume 1,025,954
200-Day Moving Average 0.63
50-Day Moving Average 1.23
20-Day Moving Average 1.58
10-Day Moving Average 1.46
Average True Range 0.28
RSI (14) 42.20
ADX 23.16
+DI 21.67
-DI 26.91
Chandelier Exit (Long, 3 ATRs) 2.05
Chandelier Exit (Short, 3 ATRs) 1.63
Upper Bollinger Bands 2.21
Lower Bollinger Band 0.96
Percent B (%b) 0.2
BandWidth 78.56
MACD Line -0.02
MACD Signal Line 0.06
MACD Histogram -0.0743
Fundamentals Value
Market Cap 8.82 Million
Num Shares 7.29 Million
EPS -0.64
Price-to-Earnings (P/E) Ratio -1.89
Price-to-Sales 17.28
Price-to-Book 0.68
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.34
Resistance 3 (R3) 1.36 1.33 1.32
Resistance 2 (R2) 1.33 1.29 1.32 1.31
Resistance 1 (R1) 1.27 1.27 1.25 1.25 1.30
Pivot Point 1.24 1.24 1.23 1.23 1.24
Support 1 (S1) 1.18 1.21 1.17 1.17 1.12
Support 2 (S2) 1.15 1.19 1.14 1.11
Support 3 (S3) 1.09 1.15 1.10
Support 4 (S4) 1.08