NEO PERFORMANCE MATERIALS IN (NEO.CA) Stock Technical Analysis
TSX:NEO - CA64046G1063 - Common Stock
16.31 CAD
-0.05 (-0.31%)
We assign a technical rating of 9 out of 10 to NEO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NEO has a been trading in the 16.23 - 18.26 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, NEO did better than 89% of all other stocks. We also observe that the gains produced by NEO over the past year are nicely spread over this period.
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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEO is lagging the market slightly.
Besides having an excellent technical rating, NEO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.30, a Stop Loss order could be placed below this zone.
More info and screens
7.57
17.38
We found 6 important support areas.
- A support zone ranging from 16.30 to 16.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.54 from a trend line in the daily time frame.
- Support @11.65 from a trend line in the weekly time frame.
- Support @9.08 from a trend line in the weekly time frame.
- Support @7.96 from a horizontal line in the weekly time frame.
- Support @7.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.96 to 17.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for NEO.CA is neutral. |
| ChartMill Relative Strength | 89.9 | POSITIVE | NEO.CA has a high relative strength, it outperformed 89.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEO.CA is below 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) | 44.84 | NEUTRAL | The RSI value for NEO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NEO.CA has a negative trend. |
| Stochastics (14,3) | 8.56 | OVERSOLD | The low Stochastics value suggests NEO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for NEO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.78 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.97 | 16.29 | 0.68 (3.98%) | 25.00% |
| An entry @16.97. This is a Buy Stop order right above the 10 day moving average. | An exit @16.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 3.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NEO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:NEO (9/9/2025, 7:00:00 PM)
16.31
-0.05 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.31%
1 Week-2.39%
2 Weeks-5.06%
1 Month-4.68%
3 Month36.03%
6 Month107.77%
12 Month108.84%
2 Year103.11%
3 Year60.06%
5 Year51.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%4.22%
ATR Inc-11.53%
Range Today0.57
ADR(20)0.67
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.9
Mansfield4.21
10 Day High17.91
10 Day Low16.23
20 Day High18.26
20 Day Low16.23
52 Week High18.26
52 Week Low7.18
CS1 End16.3
CR1 Start16.96
Volume & EV
DER(3)-3.35%
DER(5)-5.41%
Volume202.04K
Volume Incr-22.32%
Vol(5)193.19K
Vol(50)240.14K