Taking everything into account, AEON scores 4 out of 10 in our technical rating. In the past year, AEON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 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: 90% 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.
- In the last month AEON has a been trading in the 1.01 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AEON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.15. Right above this resistance zone may be a good entry point.
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5 important support areas can be observed.
- Support @1.06 from a horizontal line in the daily time frame.
- Support @0.84 from a horizontal line in the daily time frame.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 1.15 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.20 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 | 10.22 | NEGATIVE | AEON has a low relative strength, it was outperformed by 89.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AEON is below 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) | 48.36 | NEUTRAL | The RSI value for AEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AEON has a negative trend. |
| Stochastics (14,3) | 15.34 | OVERSOLD | The low Stochastics value suggests AEON may be oversold. |
| Average True Range in percent/ATR (20) | 10.2 | HIGH VOLATILITY | The high ATR as a percentage value for AEON suggests high volalility. |
| Average Directional Index/ADX (14) | 31.69 | POSITIVE | The high ADX value value for AEON suggests a strong trend. |
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AEON BIOPHARMA INC / AEON FAQ
Can you provide the ChartMill technical rating for AEON BIOPHARMA INC?
ChartMill assigns a technical rating of 4 / 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 48.3633. 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 1.15. Check the full technical report for our detailed analysis of AEON support and resistance levels.