Recursion Pharmaceuticals (RXRX) has been in a longer-term downtrend, with performance down 39.21% over six months and 30.64% over the past year. However, the chart displays signs of short-term stabilization and potential reversal, as the price has climbed above key shorter-term moving averages. TradingView community ideas highlight a possible breakout from a long-standing downtrend, with the price testing higher levels after finding support near recent lows. The overall trend remains neutral, balancing bearish longer-term pressure against emerging short-term bullish cues.
Pivot point analysis identifies the central pivot at 3.21, acting as a key battleground for buyers and sellers. Immediate support rests at S1 2.66, aligning with the recent 52-week low area around 2.80, while deeper support may form near S2 2.25. Resistance begins at R1 3.62, followed by R2 4.17. Additional resistance clusters near 3.77-3.79 from volume profile and prior highs, with further hurdles at 3.88 (recent high). These levels define the current trading range, where breakouts could signal directional moves.
Shorter-term moving averages are aligned bullishly, with the EMA(10) at 3.53, SMA(20) at 3.29, and SMA(50) at 3.45 all showing buy signals as the price trades above them. This configuration supports recent upside momentum. In contrast, longer-term averages like the EMA(100) at 3.90, SMA(200) at 4.61, and EMA(200) at 4.47 indicate sell signals, reflecting the prevailing downtrend. The price's position above the 50-day SMA but below the 200-day SMA underscores a neutral intermediate trend.
The RSI(14) stands at 59.31, in neutral territory, indicating balanced momentum without extreme readings that might signal exhaustion. The MACD(12,26) at 0.07 produces a buy signal, complemented by a neutral Awesome Oscillator at 0.33. Stochastic %K at 80.27 and Stochastic RSI Fast at 85.80 lean towards overbought short-term, warranting caution on pullbacks. Overall, oscillators tilt neutral with selective buy cues.
Over the last 30 days, RXRX has gained 10.15%, recovering from the March low of 2.80 and forming higher lows in a potential base. Recent sessions show increased volatility, with daily ranges testing resistance near 3.80. Volume reached 9.7 million shares in the latest session, above average, accompanying the price rebound and suggesting growing participation. This activity supports the short-term bullish shift amid the broader downtrend.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, including technical indicators, price patterns, and historical behaviors, generating actionable buy or sell signals for stocks like RXRX. These signals draw from trend recognition, momentum shifts, and pattern matching to highlight potential entry and exit points, trend confirmations, and decision-support cues. Traders rely on them to navigate volatility, validate chart setups, and align with probabilistic edges derived from machine learning models trained on decades of market history. Explore these signals to enhance your technical trading strategy.
Traders are monitoring a sustained hold above the pivot at 3.21 for continuation toward resistance at 3.62-3.80, where a breakout could target 4.17. A drop below 2.66 might retest deeper supports. Key indicators to watch include RSI for divergences, MACD crossovers, and alignment of short-term moving averages. Volume confirmation on moves through these zones will be critical, alongside any shifts in longer-term averages.
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A.I.dvisor indicates that over the last year, RXRX has been loosely correlated with ABSI. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if RXRX jumps, then ABSI could also see price increases.
| Ticker / NAME | Correlation To RXRX | 1D Price Change % | ||
|---|---|---|---|---|
| RXRX | 100% | -12.76% | ||
| ABSI - RXRX | 59% Loosely correlated | -12.81% | ||
| PRME - RXRX | 58% Loosely correlated | -11.82% | ||
| CRSP - RXRX | 58% Loosely correlated | -8.97% | ||
| CRBU - RXRX | 57% Loosely correlated | -7.02% | ||
| ABCL - RXRX | 57% Loosely correlated | -11.77% | ||
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