MYOMO INC (MYO) Technical Analysis
NYSEARCA:MYO • US62857J2015
Current stock price
MYO Technical Rating and Analysis
Taking everything into account, MYO scores 0 out of 10 in our technical rating. MYO'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.
- 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, MYO is a bad performer in the overall market: 96% of all stocks are doing better.
- MYO is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 79% are performing better than MYO.
- MYO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MYO is lagging the market.
- In the last month MYO has a been trading in the 0.63 - 0.85 range, which is quite wide. It is currently trading near the lows of this range.
MYO Weekly and Daily overview Charts
MYO Setup Rating and Analysis
Although the technical rating is bad, MYO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
MYO Support and Resistance Analysis
0.73
When analyzing the resistance we notice 3 important areas.
- Resistance @0.78 from a trend line in the daily time frame.
- A resistance zone ranging from 0.85 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.00 from a trend line in the daily time frame.
MYO 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 | DOWN | NEGATIVE | The long term trend for MYO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYO is down. |
| ChartMill Relative Strength | 4.1 | NEGATIVE | MYO has a low relative strength, it was outperformed by 95.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.12 | NEUTRAL | The RSI value for MYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MYO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.67 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.09 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for MYO suggests a possible start of a new trend. |
MYO Chart- and CandleStick Pattern Analysis
MYO Technicals: Chart, Performance Metrics, Trend & Indicators
0.7398
+0.04 (+6.19%)
MYOMO INC / MYO TA FAQ
Can you provide the ChartMill technical rating for MYOMO INC?
ChartMill assigns a technical rating of 0 / 10 to MYO.
What is the trend direction for MYO stock?
The current trend direction for MYOMO INC (MYO) is Bearish.
Can you provide the RSI signal for MYOMO INC?
MYOMO INC (MYO) has an RSI value of 46.1238. This indicates that the stock is currently neutral.
What is the short term momentum for MYO stock?
The short term momentum for MYOMO INC (MYO) is negative.
Can you provide the buy/sell signal for MYOMO INC?
The buy/sell signal for MYOMO INC (MYO) is sell as both the short term and long term trends are negative.