Taking everything into account, MYO scores 2 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.
Although the technical rating is bad, MYO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.02. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MYO 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
0.90
We found 1 important support area.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.07 to 1.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.12 from a horizontal line in the weekly 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 | 5.96 | NEGATIVE | MYO has a low relative strength, it was outperformed by 94.04% 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 | 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) | 51.1 | NEUTRAL | The RSI value for MYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MYO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.97 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for MYO suggests a weak or negative trend. |
0.985
0 (-0.32%)
MYOMO INC / MYO FAQ
Can you provide the ChartMill technical rating for MYOMO INC?
ChartMill assigns a technical rating of 2 / 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 51.0975. 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 positive.
Can you provide the buy/sell signal for MYOMO INC?
The buy/sell signal for MYOMO INC (MYO) is hold as the short term and long term trends are mixed.