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 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NEO did better than 94% of all other stocks. On top of that, NEO also shows a nice and consistent pattern of rising prices.
NEO is part of the Chemicals industry. There are 28 other stocks in this industry. NEO outperforms 92% of them.
NEO is currently making a new 52 week high. This is a strong signal. 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 15.23 - 17.52 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NEO has an excellent technical rating, but the quality of the setup is 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
6.81
17.55
When analyzing the support we can see 8 important areas.
- A support zone ranging from 16.38 to 16.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.51 to 15.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.62 from a trend line in the daily time frame.
- Support @11.06 from a trend line in the weekly time frame.
- Support @8.89 from a trend line in the weekly time frame.
- Support @7.96 from a horizontal line in the weekly time frame.
- Support @7.64 from a horizontal line in the daily time frame.
- Support @6.88 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.15 to 17.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 94.07 | POSITIVE | NEO.CA has a high relative strength, it outperformed 94.07% 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) | 64.72 | NEUTRAL | The RSI value for NEO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NEO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.22 | OVERBOUGHT | The high Stochastics value suggests NEO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for NEO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 47.39 | 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 |
|---|---|---|---|
| 17.39 | 16.37 | 1.02 (5.87%) | 17.05% |
| An entry @17.39. This is a Buy Stop order right above the resistance zone. | An exit @16.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.02 points, which is 5.87%. | For a 1.00% total portfolio risk, you can invest 17.05% of your capital in this trade. |
- 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 (8/11/2025, 7:00:00 PM)
17.11
-0.04 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.23%
1 Week8.77%
2 Weeks4.46%
1 Month7.41%
3 Month62.49%
6 Month99.65%
12 Month125.73%
2 Year85.78%
3 Year18.24%
5 Year60.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.23%
ATR Inc-3.15%
Range Today0.59
ADR(20)0.54
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.07
Mansfield6.04
10 Day High17.52
10 Day Low15.23
20 Day High17.52
20 Day Low15.23
52 Week High17.52
52 Week Low7.18
CS1 End16.54
CR1 Start17.15
Volume & EV
DER(3)-5.87%
DER(5)-2.47%
Volume299.54K
Volume Incr19.4%
Vol(5)285.16K
Vol(50)249.61K