ANGIODYNAMICS INC (ANGO) Stock Technical Analysis
NASDAQ:ANGO • US03475V1017
We assign a technical rating of 3 out of 10 to ANGO. Recently some decent action could be observed, but in the medium term time frame this is still negative. ANGO was also a bad performer in the overall market in the last year.
- 61% of all other stocks performed better in the past year than ANGO.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ANGO has a been trading in the 9.74 - 11.78 range, which is quite wide. It is currently trading near the high of this range.
- ANGO is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, ANGO did better than 66% of them.
- ANGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANGO is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ANGO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ANGO 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
9.75
We found 3 important support areas.
- Support @10.24 from a trend line in the daily time frame.
- Support @10.04 from a trend line in the weekly time frame.
- A support zone ranging from 9.85 to 9.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.23 to 11.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.62 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 | NEUTRAL | NEUTRAL | The long term trend for ANGO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANGO is up. |
| ChartMill Relative Strength | 39.37 | NEUTRAL | ANGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ANGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.08 | NEUTRAL | The RSI value for ANGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ANGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.75 | NEUTRAL | The Stochastics value for ANGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ANGO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for ANGO suggests a possible start of a new trend. |
11.22
+0.02 (+0.18%)
ANGIODYNAMICS INC / ANGO FAQ
What is the technical rating for ANGO stock?
ChartMill assigns a technical rating of 3 / 10 to ANGO.
Can you provide the trend direction for ANGIODYNAMICS INC?
The current trend direction for ANGIODYNAMICS INC (ANGO) is Bearish.
Can you provide the RSI signal for ANGIODYNAMICS INC?
ANGIODYNAMICS INC (ANGO) has an RSI value of 54.0756. This indicates that the stock is currently neutral.
What is the MACD signal for ANGO stock?
The MACD indicator for ANGIODYNAMICS INC (ANGO) has a value of 0.140793, indicating a bearish trend.
Can you provide the short term momentum for ANGIODYNAMICS INC?
The short term momentum for ANGIODYNAMICS INC (ANGO) is positive.