MYOMO INC (MYO) Stock Technical Analysis
NYSEARCA:MYO - NYSE Arca - US62857J2015 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MYO is a bad performer in the overall market: 98% of all stocks are doing better.
MYO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 85% 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.
In the last month MYO has a been trading in the 2.02 - 2.89 range, which is quite wide. It is currently trading near the lows of this range.
MYO has a poor technical rating and the quality of the setup is also only medium 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
2.00
5.23
We found 1 important support area.
- A support zone ranging from 2.02 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- Resistance @2.22 from a horizontal line in the daily time frame.
- Resistance @3.56 from a trend line in the daily time frame.
- Resistance @3.70 from a trend line in the daily time frame.
- Resistance @3.87 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.02 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.18 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 | DOWN | NEGATIVE | The short term trend for MYO is down. |
| ChartMill Relative Strength | 2.28 | NEGATIVE | MYO has a low relative strength, it was outperformed by 97.72% 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) | 28.6 | OVERSOLD | The low RSI value suggests MYO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MYO has a positive trend. |
| Stochastics (14,3) | 21.4 | NEUTRAL | The Stochastics value for MYO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for MYO suggests high volalility. |
| Average Directional Index/ADX (14) | 49.9 | 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)
2.08
-0.11 (-5.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.02%
1 Week2.46%
2 Weeks-6.31%
1 Month-27.27%
3 Month-53.05%
6 Month-68.05%
12 Month-54.68%
2 Year187.89%
3 Year23.08%
5 Year-44.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.63%
ATR Inc55.98%
Range Today0.32
ADR(20)0.16
ADR(20)%7.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.28
Mansfield-5.73
10 Day High2.38
10 Day Low2.02
20 Day High2.89
20 Day Low2.02
52 Week High7.17
52 Week Low2.02
CS1 End2.02
CR1 Start2.22
Volume & EV
DER(3)6.8%
DER(5)3.45%
Volume854.90K
Volume Incr-44.02%
Vol(5)456.62K
Vol(50)692.28K