Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nexalin Technology Inc shares valued at $1,095 were purchased by Owens David on Oct 28 ’24. At $2.19 per share, Owens David acquired 500 shares. The insider’s holdings grew to 148,293 shares worth approximately $0.37 million following the completion of this transaction.
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Also, Owens David purchased 1,000 shares, netting a total of over 950 in proceeds. Following the buying of shares at $0.95 each, the insider now holds 147,793 shares.
Before that, Owens David had added 1,000 shares to its account. In a trade valued at $1,750, the Chief Medical Officer bought Nexalin Technology Inc shares for $1.75 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.37 million.
Analyzing NXL Stock Performance
During the last five days, there has been a surge of approximately 15.81%. Over the course of the year, Nexalin Technology Inc shares have jumped approximately 515.12%. Shares of the company reached a 52-week high of $4.05 on 06/26/24 and a 52-week low of $0.25 on 02/13/24. A 50-day SMA is recorded $1.03, while a 200-day SMA reached $1.05. Nevertheless, trading volume fell to 1.66 million shares from 1.34 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 2.32, which, if violated, would cause prices to drop to 2.14. In the upper region, resistance lies at 2.70. The next price resistance is at 2.90. RSI (Relative Strength Index) is 70.23 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 19.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
