We assign a technical rating of 5 out of 10 to AEON. Recently some decent action could be observed, but in the medium term time frame this is still negative. AEON was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, AEON is a bad performer in the overall market: 88% 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.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month AEON has a been trading in the 1.01 - 1.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher 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 very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.65
We found 5 important support areas.
- Support @1.08 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 found 1 important resistance area.
- 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 | UP | POSITIVE | The short term trend for AEON is up. |
| ChartMill Relative Strength | 12.51 | NEGATIVE | AEON has a low relative strength, it was outperformed by 87.49% 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) | 56.07 | NEUTRAL | The RSI value for AEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AEON has a negative trend. |
| Stochastics (14,3) | 35.96 | NEUTRAL | The Stochastics value for AEON is a neutral value. |
| Average True Range in percent/ATR (20) | 10.11 | HIGH VOLATILITY | The high ATR as a percentage value for AEON suggests high volalility. |
| Average Directional Index/ADX (14) | 38.38 | POSITIVE | The high ADX value value for AEON suggests a strong trend. |
1.19
+0.08 (+7.21%)
AEON BIOPHARMA INC / AEON FAQ
Can you provide the ChartMill technical rating for AEON BIOPHARMA INC?
ChartMill assigns a technical rating of 5 / 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 56.0708. This indicates that the stock is currently neutral.
What is the buy/sell signal for AEON stock?
The buy/sell signal for AEON BIOPHARMA INC (AEON) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for AEON BIOPHARMA INC (AEON) stock?
AEON BIOPHARMA INC (AEON) has a support level at 1.08 and a resistance level at 1.4. Check the full technical report for our detailed analysis of AEON support and resistance levels.