NEO PERFORMANCE MATERIALS IN (NEO.CA) Stock Technical Analysis
TSX:NEO - Toronto Stock Exchange - CA64046G1063 - Common Stock - Currency: CAD
Taking everything into account, NEO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NEO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
NEO is one of the better performing stocks in the Chemicals industry, it outperforms 85% of 28 stocks in the same industry.
NEO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NEO has a been trading in the 9.00 - 12.40 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.
Looking at the yearly performance, NEO did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NEO has an excellent technical rating, it does not offer a high 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
7.53
12.40
We found 6 important support areas.
- A support zone ranging from 10.15 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.75 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.47 from a trend line in the weekly time frame.
- Support @8.15 from a trend line in the daily time frame.
- Support @7.79 from a horizontal line in the weekly time frame.
- Strong support @7.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.28 from a horizontal 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 | UP | POSITIVE | The long term trend for NEO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEO.CA is up. |
| ChartMill Relative Strength | 89.55 | POSITIVE | NEO.CA has a high relative strength, it outperformed 89.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.2 | NEUTRAL | The RSI value for NEO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests NEO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.46 | OVERBOUGHT | The high Stochastics value suggests NEO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NEO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for NEO.CA 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)
TSX:NEO (6/13/2025, 7:00:00 PM)
11.99
-0.28 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.28%
1 Week8.21%
2 Weeks27.28%
1 Month16.18%
3 Month52.74%
6 Month44.98%
12 Month44.11%
2 Year46.22%
3 Year-3.54%
5 Year32.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%3.72%
ATR Inc49.06%
Range Today0.42
ADR(20)0.41
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.55
Mansfield3.42
10 Day High12.4
10 Day Low9.35
20 Day High12.4
20 Day Low9
52 Week High12.4
52 Week Low6.7
CS1 End10.31
CR1 Start12.28
Volume & EV
DER(3)-0.32%
DER(5)4.76%
Volume218.50K
Volume Incr31.39%
Vol(5)271.47K
Vol(50)190.79K