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Nexalin Technology Inc [NXL] Investment Guide: What You Need to Know

Nexalin Technology Inc’s filing revealed that its Chief Medical Officer Owens David acquired Company’s shares for reported $1750.0 on Jun 28 ’24. In the deal valued at $1.75 per share,1,000 shares were bought. As a result of this transaction, Owens David now holds 146,793 shares worth roughly $0.14 million.

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Then, Owens David bought 1,619 shares, generating $1,149 in total proceeds. Upon buying the shares at $0.71, the Chief Medical Officer now owns 145,793 shares.

Before that, Owens David bought 3,000 shares. Nexalin Technology Inc shares valued at $1,920 were divested by the Chief Medical Officer at a price of $0.64 per share. As a result of the transaction, Owens David now holds 144,174 shares, worth roughly $0.14 million.

Price Performance Review of NXL

On Tuesday, Nexalin Technology Inc [NASDAQ:NXL] saw its stock jump 4.29% to $0.96. Over the last five days, the stock has lost -8.57%. Nexalin Technology Inc shares have risen nearly 137.15% since the year began. Nevertheless, the stocks have risen 39.13% over the past one year. While a 52-week high of $4.05 was reached on 06/26/24, a 52-week low of $0.25 was recorded on 02/13/24. SMA at 50 days reached $1.2570, while 200 days put it at $0.8625.

Levels Of Support And Resistance For NXL Stock

The 24-hour chart illustrates a support level at 0.9279, which if violated will result in even more drops to 0.8959. On the upside, there is a resistance level at 0.9846. A further resistance level may holdings at 1.0093. The Relative Strength Index (RSI) on the 14-day chart is 40.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1247, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.95%. Stochastics%K at 14.50% indicates the stock is a buying.

How much short interest is there in Nexalin Technology Inc?

A steep rise in short interest was recorded in Nexalin Technology Inc stocks on , dropping by -0.9 million shares to a total of 74750.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-06-14 was 0.98 million shares. There was a decline of -1207.32%, which implies that there is a negative sentiment for the stock.

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