Recursion Pharmaceuticals Inc (RXRX): Price Now Near $19.1; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for RXRX

At the moment, RXRX (Get Ratings)’s price is up $0.65 (3.52%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, RXRX ranks 113th in regards to today’s price percentage change.

RXRX’s Technical Outlook on the Daily Chart

At the time of this writing, RXRX’s price is up $0.23 (1.22%) from the day prior. This is the 3rd day in a row RXRX has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows RXRX’s price action over the past 90 days.

RXRX

<

RXRX: Daily RSI Analysis

  • RXRX’s RSI now stands at 100.
  • RXRX and RSI both have consistent trends, as they are both heading up.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market