LXRX Should I Buy

LXRX is not a good buy right now. The stock is trading under a near-term technical pivot (1.527) and is reacting negatively to a fresh underwritten public offering (dilution/financing overhang). With no Intellectia buy signals today and high volatility pricing in uncertainty, an impatient buyer is more likely to face downside chop than a clean upside breakout. I would avoid new entries here and would reduce/exit rather than buy immediately.

Trend/structure: Despite bullish longer-term moving average alignment (SMA_5 > SMA_20 > SMA_200), the stock is currently below the key pivot at 1.527, signaling weak near-term momentum. Momentum: MACD histogram is positive (0.0252) but positively contracting, which typically suggests bullish momentum is fading rather than accelerating. RSI_6 at ~45.8 is neutral-to-slightly weak, not signaling an oversold bounce. Levels: Immediate support is S1 at 1.297 (price 1.355 is close—risk of a support test). If S1 fails, next support is S2 at 1.156. Resistance is 1.527 (pivot) then R1 1.756. Price action context: Regular session -4.0% and post-market -5.92% adds to near-term bearish pressure. Near-term odds (pattern analogs): Model suggests modest expected gains over 1 week/month, but the current tape is dominated by the financing headline, so the path may be volatile and not suitable for an impatient entry.