Stock Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
Scilex Holding Company (NASDAQ:SCLX)
Long-Term Downtrend (-90) - SCLX is in a strong downtrend that is likely to continue. While SCLX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SCLX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCLX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SCLX
The long-term trend has been DOWN since May 2nd, 2023 at 5.7054
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 4.9300
The short-term trend has been DOWN since Sep 28th, 2023 at 1.5200
Smart Scan Analysis for SCLX
Based on our trend formula, SCLX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||16.9||52wk High Date||2023-04-05|
|52wk Low||1.23||52wk Low Date||2023-10-03|
|Average Volume||1,081,270||Shares Outstanding||149,055|