AEON BIOPHARMA INC (AEON) Stock Technical Analysis
NYSEARCA:AEON - NYSE Arca - US00791X2099 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AEON. AEON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AEON is a bad performer in the overall market: 93% of all stocks are doing better.
AEON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
In the last month AEON has a been trading in the 0.63 - 0.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AEON has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
0.65
0.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.66 to 0.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.87 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 | 7.36 | NEGATIVE | AEON has a low relative strength, it was outperformed by 92.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AEON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AEON is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AEON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.33 | 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) | 76.67 | NEUTRAL | The Stochastics value for AEON is a neutral value. |
| Average True Range in percent/ATR (20) | 8.22 | HIGH VOLATILITY | The high ATR as a percentage value for AEON suggests high volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for AEON suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.7551
-0.01 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.68%
1 Week15%
2 Weeks4.44%
1 Month-6.78%
3 Month41.4%
6 Month-91.28%
12 Month-98.92%
2 Year-99.8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.22%
ATR Inc5.21%
Range Today0.05
ADR(20)0.06
ADR(20)%7.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.36
Mansfield-9.69
10 Day High0.8
10 Day Low0.63
20 Day High0.85
20 Day Low0.63
52 Week High115.57
52 Week Low0.38
CS1 End0.73
CR1 Start0.79
Volume & EV
DER(3)1.18%
DER(5)2.39%
Volume61.00K
Volume Incr13.01%
Vol(5)121.34K
Vol(50)218.12K