MYOMO INC (MYO) Technical Analysis
NYSEARCA:MYO • US62857J2015
Current stock price
MYO Technical Rating and Analysis
Taking everything into account, MYO scores 4 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.
- When comparing the yearly performance of all stocks, MYO is a bad performer in the overall market: 95% of all stocks are doing better.
- MYO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 74% of 187 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.
- 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.
- In the last month MYO has a been trading in the 0.60 - 0.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYO Weekly and Daily overview Charts
MYO Setup Rating and Analysis
MYO has an average technical rating and the quality of the presented setup is also not ideal 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
MYO Support and Resistance Analysis
0.64
We found 2 important support areas.
- A support zone ranging from 0.79 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.86 from a horizontal line in the weekly time frame.
- Resistance @0.90 from a horizontal line in the daily time frame.
- Resistance @0.96 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 | UP | POSITIVE | The short term trend for MYO is up. |
| ChartMill Relative Strength | 5.35 | NEGATIVE | MYO has a low relative strength, it was outperformed by 94.65% 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) | UP | POSITIVE | The current price of MYO is above the rising 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) | 57.79 | NEUTRAL | The RSI value for MYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MYO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.05 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for MYO suggests a strong trend. |
MYO Chart- and CandleStick Pattern Analysis
MYO Technicals: Chart, Performance Metrics, Trend & Indicators
0.8193
+0.01 (+1.6%)
MYOMO INC / MYO TA FAQ
Can you provide the ChartMill technical rating for MYOMO INC?
ChartMill assigns a technical rating of 4 / 10 to MYO.
What is the trend direction for MYO stock?
The current trend direction for MYOMO INC (MYO) is Bearish.
What is the RSI signal for MYO stock?
MYOMO INC (MYO) has an RSI value of 57.7852. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MYOMO INC?
The MACD indicator for MYOMO INC (MYO) has a value of 0.0176767, indicating a bearish trend.
Can you provide the short term momentum for MYOMO INC?
The short term momentum for MYOMO INC (MYO) is positive.