We assign a technical rating of 4 out of 10 to ETON. Although ETON is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, ETON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
16.14
We found 1 important support area.
2 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The short term trend for ETON is down. |
| ChartMill Relative Strength | 87.49 | POSITIVE | ETON has a high relative strength, it outperformed 87.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ETON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.39 | NEUTRAL | The RSI value for ETON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ETON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.1 | OVERSOLD | The low Stochastics value suggests ETON may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for ETON suggests high volalility. |
| Average Directional Index/ADX (14) | 15.53 | NEGATIVE | The low ADX value for ETON suggests a weak or negative trend. |
16.46
+0.16 (+0.98%)
ChartMill assigns a technical rating of 4 / 10 to ETON.
The current trend direction for ETON PHARMACEUTICALS INC (ETON) is Bearish.
ETON PHARMACEUTICALS INC (ETON) has an RSI value of 37.3916. This indicates that the stock is currently neutral.
The short term momentum for ETON PHARMACEUTICALS INC (ETON) is negative.