Technical Analysis for SCLX - Scilex Holding Company

Grade Last Price % Change Price Change
F 0.92 5.98% 0.05
SCLX closed up 5.98 percent on Tuesday, May 7, 2024, on 56 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bullish Signal Line Cross Bullish 5.98%
NR7 Range Contraction 5.98%
NR7-2 Range Contraction 5.98%
Narrow Range Bar Range Contraction 5.98%
Inside Day Range Contraction 5.98%
Wide Bands Range Expansion 5.98%
Gapped Up Strength 5.98%

   Recent Intraday Alerts

Alert Time
Up 10% about 6 hours ago
Up 5% about 9 hours ago
10 DMA Support about 10 hours ago
60 Minute Opening Range Breakout about 10 hours ago
Rose Above Previous Day's High about 10 hours ago

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Profile

Scilex Holding Company Description

Scilex Holding Company, a majority-owned subsidiary of Sorrento Therapeutics, Inc., is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain. Scilex is uncompromising in its focus to become the global pain management leader committed to social, environmental, economic, and ethical principles to responsibly develop pharmaceutical products to maximize quality of life. Results from the Phase III Pivotal Trial C.L.E.A.R Program for SEMDEXA™, its novel, non-opioid product for the treatment of lumbosacral radicular pain (sciatica), were announced in March 2022. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with moderate to severe pain.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - General
Keywords: Organ Systems Pain Pharmaceutical Products Opioids Chronic Pain Pain Management Acute Pain Acute And Chronic Pain Palliative Care Nociception

Is SCLX a Buy, Sell or Hold?

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

Recent News

Date Title
Apr 16 Scilex to reduce R&D expenses in 2024, comments on actions post Change Healthcare cyberattack
Apr 16 Scilex Holding Company Provides Certain Preliminary Unaudited Financial Results For Gross and Net Sales for ZTlido® for the First Quarter 2024; Implements Planned 2024 Commercial Ramp for Additional Opioid Sparing Product and Reduction of R&D and Other...
Apr 9 Scilex Holding Company Announces Launching of Co-Pay Programs for Both ZTlido® and ELYXYB® for Commercially Insured Patients and the addition of ELYXYB® to a Multi-State Medicaid Pharmaceutical Purchasing Group to Its Purchasing Pool
Mar 27 Scilex Holding Company Announces that the U.S. Bankruptcy Court has Extended the Lockup Period on Shares of Scilex Stock Previously Distributed by Sorrento to its Stockholders as a Dividend
Mar 21 Scilex Holding Company Announces New Out-of-Pocket Costs for Commercially Insured Patients
Mar 20 Scilex Holding Company Announces Seeking Approval from the FDA for Modification of the Gloperba® Label to Provide Specific Dosing Guidance for Patients with Renal Impairment and Other Circumstances Where Dose Adjustment is Needed
Mar 20 Scilex Holding Company Announces a Settlement Agreement with Takeda Pharmaceuticals to Resolve the Paragraph IV Patent Infringement Lawsuit Relating to Scilex’s Filing of a sNDA with the FDA Seeking to Expand the Label for its FDA-Approved Liquid Colch...
Mar 19 Scilex Holding repays the remaining balance of convertible debentures
Mar 19 Scilex Holding Company Announces Repayment in Full of the Remaining Balance of Convertible Debentures and Early Payment of the Senior Secured Promissory Note, Paving the Way for Future Growth and Innovation
Mar 18 Scilex Holding Company Provides Responses to Product Composition Questions Related to its ELYXYB® Patent in Canada for a New Drug Submission Under Review by Health Canada for the Approval of ELYXYB® for Acute Treatment of Migraine With or Without Aura ...
See more SCLX news...

Indicators

Indicator Value
52 Week High 8.3699
52 Week Low 0.8002
Average Volume 1,106,049
200-Day Moving Average 1.95
50-Day Moving Average 1.31
20-Day Moving Average 1.00
10-Day Moving Average 0.87
Average True Range 0.10
RSI (14) 36.71
ADX 35.38
+DI 14.49
-DI 27.05
Chandelier Exit (Long, 3 ATRs) 1.25
Chandelier Exit (Short, 3 ATRs) 1.11
Upper Bollinger Bands 1.36
Lower Bollinger Band 0.64
Percent B (%b) 0.38
BandWidth 71.65
MACD Line -0.14
MACD Signal Line -0.15
MACD Histogram 0.0095
Fundamentals Value
Market Cap 144.85 Million
Num Shares 158 Million
EPS -1.16
Price-to-Earnings (P/E) Ratio -0.79
Price-to-Sales 5.73
Price-to-Book 28.85
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.05
Resistance 3 (R3) 1.05 1.00 1.03
Resistance 2 (R2) 1.00 0.97 1.00 1.02
Resistance 1 (R1) 0.96 0.95 0.98 0.96 1.01
Pivot Point 0.91 0.91 0.93 0.92 0.91
Support 1 (S1) 0.87 0.88 0.89 0.87 0.82
Support 2 (S2) 0.83 0.86 0.83 0.81
Support 3 (S3) 0.78 0.83 0.81
Support 4 (S4) 0.78