EYEN Technical Analysis - EYENOVIA INC

Technical Rating and Analysis

Taking everything into account, EYEN scores 8 out of 10 in our technical rating. In the last year, EYEN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

EYEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

EYEN is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. EYEN outperforms 99% of them.

In the last month EYEN has a been trading in the 1.89 - 17.18 range, which is quite wide. It is currently trading near the high of this range.

EYEN has an average volume of 5496710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, EYEN did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although EYEN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.66

15.98

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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	NEUTRAL	NEUTRAL	The long term trend for EYEN is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EYEN is up.
ChartMill Relative Strength	99.78	POSITIVE	EYEN has a high relative strength, it outperformed 99.78% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EYEN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EYEN is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of EYEN is above a declining SMA(200).
Relative Strength Index/RSI (14)	77.71	OVERBOUGHT	The high RSI value suggests EYEN may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.87	POSITIVE	The MACD value suggests EYEN has a positive trend.
Stochastics (14,3)	75.93	NEUTRAL	The Stochastics value for EYEN is a neutral value.
Average True Range in percent/ATR (20)	15.68	HIGH VOLATILITY	The high ATR as a percentage value for EYEN suggests high volalility.
Average Directional Index/ADX (14)	58.26	POSITIVE	The high ADX value value for EYEN suggests a strong trend.