ETON PHARMACEUTICALS INC (ETON) Technical Analysis
NASDAQ:ETON • US29772L1089
Current stock price
ETON Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ETON. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETON is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ETON did better than 92% of all other stocks. We also observe that the gains produced by ETON over the past year are nicely spread over this period.
- ETON is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 82% of 192 stocks in the same industry.
- ETON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ETON is performing more or less in line with the market.
- In the last month ETON has a been trading in the 16.14 - 22.97 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ETON Weekly and Daily overview Charts
ETON Setup Rating and Analysis
Although ETON has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ETON Support and Resistance Analysis
13.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 17.61 to 17.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.58 from a trend line in the weekly time frame.
- Support @14.98 from a trend line in the weekly time frame.
- Support @14.51 from a trend line in the daily time frame.
- Support @14.13 from a horizontal line in the daily time frame.
ETON 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 ETON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETON is up. |
| ChartMill Relative Strength | 92.92 | POSITIVE | ETON has a high relative strength, it outperformed 92.92% 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) | UP | POSITIVE | The current price of ETON is above the rising 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) | 79.86 | OVERBOUGHT | The high RSI value suggests ETON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests ETON has a positive trend. |
| Stochastics (14,3) | 89.03 | OVERBOUGHT | The high Stochastics value suggests ETON may be overbought. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for ETON suggests high volalility. |
| Average Directional Index/ADX (14) | 33.78 | POSITIVE | The high ADX value value for ETON suggests a strong trend. |
ETON Chart- and CandleStick Pattern Analysis
ETON Technicals: Chart, Performance Metrics, Trend & Indicators
22.32
+1.55 (+7.46%)
ETON PHARMACEUTICALS INC / ETON TA FAQ
What is the technical rating for ETON stock?
ChartMill assigns a technical rating of 10 / 10 to ETON.
Can you provide the trend direction for ETON PHARMACEUTICALS INC?
The current trend direction for ETON PHARMACEUTICALS INC (ETON) is Bullish.
What is the RSI signal for ETON stock?
ETON PHARMACEUTICALS INC (ETON) has an RSI value of 79.8616. This indicates that the stock is currently overbought.
What is the short term momentum for ETON stock?
The short term momentum for ETON PHARMACEUTICALS INC (ETON) is positive.
What are the support and resistance levels for ETON PHARMACEUTICALS INC (ETON) stock?
ETON PHARMACEUTICALS INC (ETON) has a support level at 17.71. Check the full technical report for our detailed analysis of ETON support and resistance levels.