ETON PHARMACEUTICALS INC (ETON) Technical Analysis
NASDAQ:ETON • US29772L1089
Current stock price
ETON Technical Rating and Analysis
Overall ETON gets a technical rating of 9 out of 10. 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!
- ETON is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 192 stocks in the same industry.
- In the last month ETON has a been trading in the 16.14 - 19.98 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, ETON did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ETON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETON is lagging the market slightly.
- 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
ETON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for ETON in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ETON Support and Resistance Analysis
13.99
We found 6 important support areas.
- A support zone ranging from 17.14 to 17.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.70 to 16.80. This zone is formed by a combination of multiple trend lines 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 @14.49 from a trend line in the daily time frame.
- Support @14.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @19.02 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 | 84.88 | POSITIVE | ETON has a high relative strength, it outperformed 84.88% 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) | DOWN | MIXED | The current price of ETON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.62 | NEUTRAL | The RSI value for ETON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ETON has a positive trend. |
| Stochastics (14,3) | 74.17 | NEUTRAL | The Stochastics value for ETON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for ETON suggests high volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for ETON suggests a strong trend. |
ETON Chart- and CandleStick Pattern Analysis
ETON Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.03 | 17.13 | 1.90 (9.98%) | 10.02% |
| An entry @19.03. This is a Buy Stop order right above the resistance zone. | An exit @17.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.90 points, which is 9.98%. | When investing 10.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ETON Technicals: Chart, Performance Metrics, Trend & Indicators
19.01
+0.08 (+0.42%)
ETON PHARMACEUTICALS INC / ETON TA FAQ
What is the technical rating for ETON stock?
ChartMill assigns a technical rating of 9 / 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 65.6247. This indicates that the stock is currently neutral.
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 17.26 and a resistance level at 19.02. Check the full technical report for our detailed analysis of ETON support and resistance levels.