Technical Analysis for IXHL - Incannex Healthcare Limited

Grade Last Price % Change Price Change
D 2.09 -2.79% -0.06
IXHL closed down 2.79 percent on Wednesday, November 20, 2024, on 34 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
New Uptrend Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Boomer Sell Setup Bearish Swing Setup -2.79%
Calm After Storm Range Contraction -2.79%
NR7 Range Contraction -2.79%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 22 hours ago
Down 1% about 22 hours ago
Up 2% about 22 hours ago
Up 1% about 22 hours ago
Possible NR7 1 day 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: Organ Systems Drugs Neuroscience Chemical Compounds Rheumatoid Arthritis Asthma Respiratory Therapy Inflammatory Bowel Disease 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 0.84
Average Volume 32,413
200-Day Moving Average 2.69
50-Day Moving Average 2.07
20-Day Moving Average 2.39
10-Day Moving Average 2.44
Average True Range 0.23
RSI (14) 44.75
ADX 32.68
+DI 25.43
-DI 24.09
Chandelier Exit (Long, 3 ATRs) 2.42
Chandelier Exit (Short, 3 ATRs) 2.70
Upper Bollinger Bands 2.91
Lower Bollinger Band 1.87
Percent B (%b) 0.22
BandWidth 43.66
MACD Line 0.04
MACD Signal Line 0.12
MACD Histogram -0.0777
Fundamentals Value
Market Cap 33.17 Million
Num Shares 15.9 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -2.38
Price-to-Sales 49.46
Price-to-Book 0.88
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.29
Resistance 3 (R3) 2.30 2.25 2.25
Resistance 2 (R2) 2.25 2.20 2.24 2.24
Resistance 1 (R1) 2.17 2.17 2.15 2.16 2.23
Pivot Point 2.12 2.12 2.11 2.11 2.12
Support 1 (S1) 2.04 2.07 2.02 2.03 1.95
Support 2 (S2) 1.99 2.04 1.98 1.94
Support 3 (S3) 1.91 1.99 1.93
Support 4 (S4) 1.90