Technical Analysis for IXHL - Incannex Healthcare Limited

Grade Last Price % Change Price Change
D 2.95 0.34% 0.01
IXHL closed up 0.34 percent on Monday, July 1, 2024, on 20 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. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
BB Squeeze Started Range Contraction 0.00%
Gapped Up Strength 0.00%
200 DMA Resistance Bearish 0.34%
Crossed Above 50 DMA Bullish 0.34%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.34%
BB Squeeze Ended Range Expansion 0.34%

   Recent Intraday Alerts

Alert Time
200 DMA Support about 9 hours ago
Non-ADX 1,2,3,4 Pullback Entry about 9 hours ago
Rose Above Previous Day's High about 9 hours ago
Rose Above 200 DMA about 9 hours ago
Up 2% about 9 hours ago

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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: Drugs Organ Systems 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 28,007
200-Day Moving Average 2.96
50-Day Moving Average 2.84
20-Day Moving Average 3.20
10-Day Moving Average 3.22
Average True Range 0.26
RSI (14) 45.95
ADX 21.64
+DI 12.37
-DI 24.35
Chandelier Exit (Long, 3 ATRs) 2.76
Chandelier Exit (Short, 3 ATRs) 3.45
Upper Bollinger Bands 3.63
Lower Bollinger Band 2.77
Percent B (%b) 0.21
BandWidth 26.96
MACD Line 0.03
MACD Signal Line 0.10
MACD Histogram -0.0709
Fundamentals Value
Market Cap 46.82 Million
Num Shares 15.9 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -3.35
Price-to-Sales 49.46
Price-to-Book 0.88
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.10
Resistance 3 (R3) 3.11 3.06 3.08
Resistance 2 (R2) 3.06 3.03 3.06 3.07
Resistance 1 (R1) 3.01 3.00 2.99 3.00 3.06
Pivot Point 2.96 2.96 2.95 2.96 2.96
Support 1 (S1) 2.91 2.93 2.89 2.90 2.84
Support 2 (S2) 2.86 2.90 2.86 2.83
Support 3 (S3) 2.81 2.86 2.83
Support 4 (S4) 2.80