EXAMWORKS GROUP INC (EXAM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EXAM - US30066A1051
Taking everything into account, EXAM scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EXAM is only an average performer.
Although the technical rating is only medium, EXAM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 35.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EXAM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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.
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24.82
3 important support areas can be observed.
- A support zone ranging from 34.36 to 35.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.93 from a trend line in the daily time frame.
- Support @25.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.09 to 35.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 36.06 to 36.46. 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 | UP | POSITIVE | The long term trend for EXAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EXAM is up. |
| ChartMill Relative Strength | 40.3 | NEUTRAL | EXAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EXAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EXAM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EXAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.46 | NEUTRAL | The RSI value for EXAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EXAM has a negative trend. |
| Stochastics (14,3) | 62.55 | NEUTRAL | The Stochastics value for EXAM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for EXAM suggests low volalility. |
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 |
|---|---|---|---|
| 35.22 | 34.99 | 0.23 (0.65%) | 25.00% |
| An entry @35.22. This is a Buy Stop order right above the resistance zone. | An exit @34.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.65%. | For a 0.16% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
35.06
-0.06 (-0.17%)
EXAMWORKS GROUP INC / EXAM FAQ
Can you provide the ChartMill technical rating for EXAMWORKS GROUP INC?
ChartMill assigns a technical rating of 6 / 10 to EXAM.
What is the trend direction for EXAM stock?
The current trend direction for EXAMWORKS GROUP INC (EXAM) is Bullish.
What is the RSI signal for EXAM stock?
EXAMWORKS GROUP INC (EXAM) has an RSI value of 56.4648. This indicates that the stock is currently neutral.
What is the short term momentum for EXAMWORKS GROUP INC (EXAM) stock?
The short term momentum for EXAMWORKS GROUP INC (EXAM) is positive.
What is the support and resistance level for EXAM stock?
EXAMWORKS GROUP INC (EXAM) has a support level at 35.05 and a resistance level at 35.09. Check the full technical report for our detailed analysis of EXAM support and resistance levels.