Is LEXX looking bullish August 9

Lexaria Bioscience's stock does not show immediate signs of a bullish trend as of August 9.
Here's why:

1. Recent Stock Performance: Lexaria Bioscience's stock (LEXX) experienced a significant decline, with an 8% drop in the closing price to $3.31 on August 8, 2024. This recent downturn could be indicative of market sentiment or broader market trends affecting the stock.

2. Technical Indicators: The 5-day and 10-day moving averages for Lexaria Bioscience's stock are $3.51 and $3.62, respectively. The stock is currently trading below these averages, which typically indicates a bearish trend.

3. Support and Resistance Levels: The support level for Lexaria Bioscience's stock is at $3.53, and the resistance level is at $3.66. The stock is closer to the support level, which could suggest a potential for further downward movement.

4. Market Sentiment and Short Interest: The short interest in Lexaria Bioscience's stock is not provided, but high short interest can sometimes indicate bearish sentiment among investors. Monitoring short interest and its relation to the stock's trading volume can provide insights into market sentiment.

In conclusion, Lexaria Bioscience's stock does not show immediate signs of a bullish trend as of August 9. The recent decline in stock price, the current trading below key moving averages, and the proximity to the support level all point towards a bearish outlook.