AEON BIOPHARMA INC (AEON) Technical Analysis
NYSEARCA:AEON • US00791X2099
We assign a technical rating of 6 out of 10 to AEON. Although AEON has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that AEON is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, AEON also shows a nice and consistent pattern of rising prices.
- AEON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AEON is lagging the market slightly.
- In the last month AEON has a been trading in the 0.91 - 1.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, AEON does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.20. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AEON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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7 important support areas can be observed.
- Support @1.06 from a trend line in the daily time frame.
- Support @1.03 from a horizontal line in the daily time frame.
- Support @1.00 from a horizontal line in the weekly time frame.
- Support @0.84 from a horizontal line in the daily time frame.
- Support @0.78 from a trend line in the weekly time frame.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.66 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.27 from a horizontal line in the daily time frame.
- Resistance @1.40 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AEON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AEON is neutral. |
| ChartMill Relative Strength | 93.74 | POSITIVE | AEON has a high relative strength, it outperformed 93.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AEON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AEON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AEON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.56 | NEUTRAL | The RSI value for AEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AEON has a positive trend. |
| Stochastics (14,3) | 36.01 | NEUTRAL | The Stochastics value for AEON is a neutral value. |
| Average True Range in percent/ATR (20) | 9.95 | HIGH VOLATILITY | The high ATR as a percentage value for AEON suggests high volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for AEON suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.22 | 1.05 | 0.17 (13.93%) | 7.18% |
| An entry @1.22. This is a Buy Stop order right above the resistance zone. | An exit @1.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 13.93%. | When investing 7.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AEON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AEON Technicals: Chart, Performance Metrics, Trend & Indicators
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+0.01 (+0.86%)
AEON BIOPHARMA INC / AEON FAQ
Can you provide the ChartMill technical rating for AEON BIOPHARMA INC?
ChartMill assigns a technical rating of 6 / 10 to AEON.
What is the current trend direction of AEON BIOPHARMA INC (AEON) stock?
The current trend direction for AEON BIOPHARMA INC (AEON) is Bearish.
What is the RSI signal for AEON stock?
AEON BIOPHARMA INC (AEON) has an RSI value of 55.562. This indicates that the stock is currently neutral.
What is the support and resistance level for AEON stock?
AEON BIOPHARMA INC (AEON) has a support level at 1.06 and a resistance level at 1.2. Check the full technical report for our detailed analysis of AEON support and resistance levels.