Technical Analysis for IXHL - Incannex Healthcare Limited

Grade Last Price % Change Price Change
F 2.50 -10.07% -0.28
IXHL closed down 10.07 percent on Friday, May 17, 2024, on 1.49 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. It ran into resistance at its 50 day moving average.
0 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Fell Below 20 DMA Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
50 DMA Resistance Bearish -10.07%
200 DMA Support Bullish -10.07%
Upper Bollinger Band Walk Strength -10.07%

   Recent Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Incannex Healthcare Limited Description

Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid products in Australia. It offers pharmaceutical grade cannabinoid products under the Incannex brand name. The company's products include IHL-42X, which is in Phase II clinical trials for obstructive sleep apnea; IHL-216A for traumatic brain injury; and IHL-675A, a combination of hydroxychloroquine and cannabidiol for the prevention and treatment of inflammatory lung conditions, such as acute respiratory distress syndrome, chronic obstructive pulmonary disease, asthma, and bronchitis, as well as rheumatoid arthritis and inflammatory bowel diseases. It has partnership with The Alfred Hospital and Novotech on IHL-42X clinical program for obstructive sleep apnea; and Monash Trauma Group at the Department of Neuroscience, Monash University to conduct a study on the protective effect of IHL-216A in sports concussion. The company was formerly known as Impression Healthcare Limited and changed its name to Incannex Healthcare Limited in June 2020. Incannex Healthcare Limited was incorporated in 2001 and is based in Sydney, Australia.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Organ Systems Drugs Neuroscience Chemical Compounds Rheumatoid Arthritis Asthma Inflammatory Bowel Disease Respiratory Therapy Chronic Obstructive Pulmonary Disease Sleep Apnea Sleep Disorders Obstructive Sleep Apnea Cannabidiol Cannabinoid Acute Respiratory Distress Syndrome Traumatic Brain Injury

Is IXHL 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 12.68
52 Week Low 0.8
Average Volume 64,133
200-Day Moving Average 2.73
50-Day Moving Average 2.91
20-Day Moving Average 2.53
10-Day Moving Average 2.61
Average True Range 0.30
RSI (14) 45.05
ADX 14.77
+DI 27.25
-DI 23.93
Chandelier Exit (Long, 3 ATRs) 2.36
Chandelier Exit (Short, 3 ATRs) 3.02
Upper Bollinger Bands 2.98
Lower Bollinger Band 2.07
Percent B (%b) 0.47
BandWidth 36.28
MACD Line -0.05
MACD Signal Line -0.12
MACD Histogram 0.0631
Fundamentals Value
Market Cap 39.68 Million
Num Shares 15.9 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -2.84
Price-to-Sales 49.46
Price-to-Book 0.88
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.20
Resistance 3 (R3) 3.26 3.09 3.08
Resistance 2 (R2) 3.09 2.91 3.06 3.04
Resistance 1 (R1) 2.79 2.80 2.71 2.73 3.00
Pivot Point 2.62 2.62 2.58 2.59 2.62
Support 1 (S1) 2.33 2.44 2.24 2.27 2.00
Support 2 (S2) 2.16 2.33 2.13 1.96
Support 3 (S3) 1.86 2.16 1.92
Support 4 (S4) 1.80