The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nexalin Technology Inc shares valued at $950 were purchased by Owens David on Aug 13 ’24. At $0.95 per share, Owens David acquired 1,000 shares. The insider’s holdings grew to 147,793 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Owens David purchased 1,000 shares, netting a total of over 1,750 in proceeds. Following the buying of shares at $1.75 each, the insider now holds 146,793 shares.
Before that, Owens David had added 1,619 shares to its account. In a trade valued at $1,149, the Chief Medical Officer bought Nexalin Technology Inc shares for $0.71 each. Upon closing the transaction, the insider’s holdings increased to 1,619 shares, worth approximately $0.31 million.
Analyzing NXL Stock Performance
During the last five days, there has been a surge of approximately 62.88%. Over the course of the year, Nexalin Technology Inc shares have jumped approximately 431.13%. Shares of the company reached a 52-week high of $4.0500 on 06/26/24 and a 52-week low of $0.2500 on 02/13/24. A 50-day SMA is recorded $0.8900, while a 200-day SMA reached $1.0000. Nevertheless, trading volume fell to 29.49 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Nexalin Technology Inc (NXL)
According to the 24-hour chart, there is a support level at 1.3300, which, if violated, would cause prices to drop to 0.5200. In the upper region, resistance lies at 2.7600. The next price resistance is at 3.3800. RSI (Relative Strength Index) is 74.25 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.6600, which suggests the price will decrease in the coming days. Percent R is at 20.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
