We assign a technical rating of 0 out of 10 to ETON. ETON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 76% of all other stocks performed better in the past year than ETON.
- In the last month ETON has a been trading in the 14.94 - 17.33 range, which is quite wide. It is currently trading near the lows of this range.
- ETON is an average performer in the Pharmaceuticals industry, it outperforms 48% of 191 stocks in the same industry.
- ETON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETON is lagging the market.
Although the technical rating is bad, ETON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.13, a Stop Loss order could be placed below this zone.
More info and screens
14.98
When analyzing the support we notice one important area.
- A support zone ranging from 15.13 to 15.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.81 to 15.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.27 to 16.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.83 to 16.99. 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 | DOWN | NEGATIVE | The long term trend for ETON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETON is down. |
| ChartMill Relative Strength | 24.32 | NEGATIVE | ETON has a low relative strength, it was outperformed by 75.68% 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) | UP | MIXED | The current price of ETON is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.51 | NEUTRAL | The RSI value for ETON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ETON has a negative trend. |
| Stochastics (14,3) | 19.57 | OVERSOLD | The low Stochastics value suggests ETON may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | 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. |
15.14
-0.27 (-1.75%)
ETON PHARMACEUTICALS INC / ETON FAQ
What is the technical rating for ETON stock?
ChartMill assigns a technical rating of 0 / 10 to ETON.
Can you provide the trend direction for ETON PHARMACEUTICALS INC?
The current trend direction for ETON PHARMACEUTICALS INC (ETON) is Bearish.
What is the RSI signal for ETON stock?
ETON PHARMACEUTICALS INC (ETON) has an RSI value of 34.5135. 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 negative.
What are the support and resistance levels for ETON PHARMACEUTICALS INC (ETON) stock?
ETON PHARMACEUTICALS INC (ETON) has a support level at 15.13 and a resistance level at 15.81. Check the full technical report for our detailed analysis of ETON support and resistance levels.