SCNX Should I Buy

SCNX is not a good buy right now. The stock is in a clear downtrend (bearish moving-average stack and weakening momentum) with no proprietary buy signals, no recent news catalysts, and still-lossmaking fundamentals despite a revenue spike. For an impatient investor unwilling to wait for a clean trend reversal, this setup is unfavorable—avoid/exit rather than buy.

Trend/momentum: Bearish. The moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), confirming a downtrend. MACD histogram is below zero (-0.000834) and negatively expanding, suggesting downside momentum is still strengthening rather than stabilizing.

Mean-reversion/oversold: RSI(6) at ~27.5 indicates short-term oversold conditions (despite the provided label calling it “neutral”), so a brief bounce is possible—but oversold alone is not a buy signal when trend and MACD are bearish.

Key levels: Current price 0.4641 is sitting right on S1 (0.464). A clean break below S1 raises downside risk toward S2 (0.445). Upside resistance sits at Pivot 0.495, then R1 0.526 and R2 0.545. For this to become a buy, it would need to reclaim ~0.495 and hold, ideally with improving MACD/MA structure.

Pattern-based outlook: Similar-pattern stats suggest a modest expected move (+0.77% next day, +1.52% next week) with a larger one-month upside probability (+16.74%), but that conflicts with the current downtrend signals and lacks a catalyst—more consistent with a volatile dead-cat-bounce profile than a high-conviction entry.