We assign a technical rating of 1 out of 10 to MYO. 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. There is very little resistance above the current price.
0.89
When analyzing the support we notice one important area.
We can see 4 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for MYO is neutral. |
| ChartMill Relative Strength | 8.87 | NEGATIVE | MYO has a low relative strength, it was outperformed by 91.13% 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) | 55.42 | 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) | 36.23 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for MYO suggests a possible start of a new trend. |
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ChartMill assigns a technical rating of 1 / 10 to MYO.
The current trend direction for MYOMO INC (MYO) is Bearish.
MYOMO INC (MYO) has an RSI value of 55.4172. This indicates that the stock is currently neutral.
The short term momentum for MYOMO INC (MYO) is neutral.