ETON PHARMACEUTICALS INC (ETON) Stock Technical Analysis
NASDAQ:ETON - Nasdaq - US29772L1089 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ETON. ETON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that ETON is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by ETON over the past year are nicely spread over this period.
ETON is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. ETON outperforms 95% of them.
ETON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETON is lagging the market slightly.
In the last month ETON has a been trading in the 13.78 - 17.54 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ETON has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.70
17.49
We found 2 important support areas.
- Support @14.06 from a trend line in the daily time frame.
- Support @11.82 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.14 to 17.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ETON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETON is up. |
| ChartMill Relative Strength | 98.26 | POSITIVE | ETON has a high relative strength, it outperformed 98.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.98 | NEUTRAL | The RSI value for ETON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests ETON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.98 | OVERBOUGHT | The high Stochastics value suggests ETON may be overbought. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for ETON suggests some volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for ETON suggests a possible start of a new 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)
17.12
-0.2 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.15%
1 Week12.19%
2 Weeks17.91%
1 Month23.25%
3 Month-9.56%
6 Month4.29%
12 Month324.81%
2 Year280.44%
3 Year657.52%
5 Year118.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%4.99%
ATR Inc-33.5%
Range Today0.52
ADR(20)0.85
ADR(20)%4.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.26
Mansfield2.06
10 Day High17.54
10 Day Low13.78
20 Day High17.54
20 Day Low13.78
52 Week High21.48
52 Week Low3.96
CS1 End14.03
CR1 Start17.33
Volume & EV
DER(3)-0.28%
DER(5)1.12%
Volume317.06K
Volume Incr9.05%
Vol(5)448.19K
Vol(50)515.42K