MOVANO INC (MOVE) Stock Technical Analysis
NASDAQ:MOVE - Nasdaq - US62459M2061 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MOVE. MOVE 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.
99% of all other stocks performed better in the past year than MOVE.
MOVE is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 87% are performing better than MOVE.
MOVE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MOVE has a been trading in the 0.61 - 0.85 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MOVE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.64
0.79
When analyzing the support we notice one important area.
- Support @0.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.69 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.78 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 MOVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MOVE is down. |
| ChartMill Relative Strength | 1.43 | NEGATIVE | MOVE has a low relative strength, it was outperformed by 98.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MOVE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MOVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MOVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.3 | NEUTRAL | The RSI value for MOVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MOVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.77 | NEUTRAL | The Stochastics value for MOVE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.68 | HIGH VOLATILITY | The high ATR as a percentage value for MOVE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for MOVE suggests a possible start of a new 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)
0.6892
+0.02 (+2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg2.62%
1 Week-6.37%
2 Weeks6.03%
1 Month3.03%
3 Month-44.86%
6 Month-87.91%
12 Month-85.6%
2 Year-96.74%
3 Year-98.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%12.68%
ATR Inc-37.63%
Range Today0.08
ADR(20)0.09
ADR(20)%12.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.43
Mansfield-8.31
10 Day High0.85
10 Day Low0.62
20 Day High0.85
20 Day Low0.61
52 Week High6.97
52 Week Low0.51
CS1 End0.65
CR1 Start0.79
Volume & EV
DER(3)-5.97%
DER(5)-8.2%
Volume22.00K
Volume Incr-86.47%
Vol(5)34.94K
Vol(50)463.86K