Big movements in Incannex Healthcare Limited stock price on Monday moving 35.14% between high and low

The Incannex Healthcare Limited stock price gained 34.43% on the last trading day (Monday, 21st Jul 2025), rising from $0.610 to $0.82. During the last trading day the stock fluctuated 35.14% from a day low at $0.655 to a day high of $0.88. The price has risen in 8 of the last 10 days and is up by 289.92% over the past 2 weeks. Volume fell on the last day by -135 million shares and in total, 344 million shares were bought and sold for approximately $282.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the very wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $0.701 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $1.32 sometime during the next 3 months.

Mostly positive signals in the chart today. The Incannex Healthcare Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.426 and $0.252. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 05, 2025, and so far it has risen 358.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

On the downside, the stock finds support just below today's level from accumulated volume at $0.700 and $0.625.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.625 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.230 between high and low, or 35.14%. For the last week, the stock has had daily average volatility of 37.32%.

The Incannex Healthcare Limited stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Incannex Healthcare Limited holds several positive signals and has broken the very wide and horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.