EDAP Technical Analysis - EDAP TMS SA -ADR

Technical Rating and Analysis

Overall EDAP gets a technical rating of 7 out of 10. In the last year, EDAP was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

EDAP is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 85% of 190 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that EDAP is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

EDAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDAP is lagging the market.

In the last month EDAP has a been trading in the 2.02 - 2.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EDAP TMS SA -ADR / EDAP Weekly stock chart

EDAP TMS SA -ADR / EDAP Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, EDAP also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.04

2.89

We found 2 important support areas.

Support @2.18 from a trend line in the daily time frame.
A support zone ranging from 2.06 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @2.44 from a trend line in the weekly time frame.
A resistance zone ranging from 2.53 to 2.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.86 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for EDAP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EDAP is neutral.
ChartMill Relative Strength	85.69	POSITIVE	EDAP has a high relative strength, it outperformed 85.69% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EDAP is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EDAP is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EDAP is above the rising SMA(200).
Relative Strength Index/RSI (14)	53.46	NEUTRAL	The RSI value for EDAP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests EDAP has a negative trend, although the MACD value is rising.
Stochastics (14,3)	41.99	NEUTRAL	The Stochastics value for EDAP is a neutral value.
Average True Range in percent/ATR (20)	9.17	HIGH VOLATILITY	The high ATR as a percentage value for EDAP suggests high volalility.
Average Directional Index/ADX (14)	24.15	NEUTRAL	The ADX value for EDAP suggests a possible start of a new trend.