SCLX Should I Buy

Not a good buy right now. The trend is firmly bearish (SMA_200 > SMA_20 > SMA_5 and MACD below zero), insiders are aggressively selling (+145.8% last month), and the latest quarter showed declining revenue and gross margin. With no Intellectia buy signals today and sentiment/positioning not showing a clear bullish turn, the higher-probability move is further chop/down rather than an immediate, clean upside breakout. For an impatient trader, this is an avoid/sell until price reclaims the pivot (~10.21) and momentum turns up.

Trend and momentum are bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), which typically signals a sustained downtrend. MACD histogram is negative (-0.151) but “negatively contracting,” suggesting downside momentum may be easing, yet it has not flipped bullish. RSI_6 is ~21.6, which is deeply oversold (despite the provided label saying neutral), so a short-term bounce is possible—but oversold alone is not a buy signal in a strong downtrend. Key levels: near-term support is S1 ~8.661 (current 8.69 is sitting right on it); a clean break risks S2 ~7.705. Upside resistance is the pivot ~10.208, then R1 ~11.755. Pattern-based projection implies modest near-term drift (next day +0.31%, next week +0.49%) but a stronger next-month rebound potential (+9.25%); however, the current tape still favors selling rallies until the pivot is reclaimed.