SECOND SIGHT MEDICAL-CW22 (EYESW) Stock Technical Analysis
NASDAQ:EYESW - Nasdaq - - Currency: USD
We assign a technical rating of 0 out of 10 to EYESW. EYESW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EYESW is a bad performer in the overall market: 95% of all stocks are doing better.
EYESW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EYESW is lagging the market.
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.
Warning: EYESW has an average volume of 3308 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EYESW has a been trading in the 0.18 - 0.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EYESW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.23. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EYESW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.21
0.55
We found 1 important support area.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.30 from a trend line in the weekly time frame.
- Resistance @0.54 from a horizontal line in the daily time frame.
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 EYESW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EYESW is down. |
| ChartMill Relative Strength | 5.6 | NEGATIVE | EYESW has a low relative strength, it was outperformed by 94.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EYESW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EYESW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EYESW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.3 | NEUTRAL | The RSI value for EYESW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EYESW has a positive trend. |
| Stochastics (14,3) | 47.28 | NEUTRAL | The Stochastics value for EYESW is a neutral value. |
| Average True Range in percent/ATR (20) | 13.18 | HIGH VOLATILITY | The high ATR as a percentage value for EYESW suggests high volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for EYESW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:EYESW (8/30/2022, 4:30:02 PM)
0.2198
+0.02 (+9.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.9%
1 Week15.68%
2 Weeks4.57%
1 Month-12.12%
3 Month-38.47%
6 Month4.37%
12 Month-73.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%13.18%
ATR Inc-27.77%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.6
Mansfield-3.51
10 Day High0.25
10 Day Low0.18
20 Day High0.25
20 Day Low0.18
52 Week High1.02
52 Week Low0.18
CS1 End0.21
CR1 Start0.23
Volume & EV
DER(3)2.56%
DER(5)7.61%
Volume1.30K
Volume Incr-63.74%
Vol(5)1.24K
Vol(50)3.31K