MYOMO INC (MYO) Stock Technical Analysis
USA - NYSEARCA:MYO - US62857J2015 - Common Stock
1.16 USD
-0.02 (-1.69%)
1.2 USD
+0.04 (+3.45%)
Taking everything into account, MYO scores 2 out of 10 in our technical rating. In the past year, MYO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
99% of all other stocks performed better in the past year than MYO.
MYO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 86% of 191 stocks in the same industry do better.
MYO 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 MYO has a been trading in the 0.80 - 1.31 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MYO has an average volume of 1950700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MYO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.93
1.97
We found 2 important support areas.
- A support zone ranging from 1.14 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.19 from a horizontal line in the daily time frame.
- Resistance @1.85 from a trend line in the daily time frame.
- Resistance @1.95 from a trend 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 MYO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYO is up. |
| ChartMill Relative Strength | 1.69 | NEGATIVE | MYO has a low relative strength, it was outperformed by 98.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MYO is above 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) | 60.29 | NEUTRAL | The RSI value for MYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MYO has a positive trend. |
| Stochastics (14,3) | 76.41 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.38 | POSITIVE | The high ADX value value for MYO suggests a strong 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)
1.16
-0.02 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.69%
1 Week26.54%
2 Weeks27.47%
1 Month29%
3 Month-44.23%
6 Month-73.81%
12 Month-70.03%
2 Year2.65%
3 Year-18.88%
5 Year-73.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%8.8%
ATR Inc134.1%
Range Today0.17
ADR(20)0.1
ADR(20)%8.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.69
Mansfield-7.32
10 Day High1.31
10 Day Low0.87
20 Day High1.31
20 Day Low0.8
52 Week High7.17
52 Week Low0.8
CS1 End1.15
CR1 Start1.19
Volume & EV
DER(3)-1.12%
DER(5)-1.84%
Volume4.22M
Volume Incr110.35%
Vol(5)3.78M
Vol(50)1.95M