We assign a technical rating of 7 out of 10 to NEO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NEO is only an average performer.
- In the last month NEO has a been trading in the 11.41 - 13.74 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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.
- NEO has an average volume of 1866310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, NEO turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- NEO is an average performer in the Health Care Providers & Services industry, it outperforms 61% of 103 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
NEO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.59
We found 1 important support area.
- A support zone ranging from 11.71 to 11.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @12.92 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.17 to 13.23. 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEO is neutral. |
| ChartMill Relative Strength | 52.75 | NEUTRAL | NEO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.87 | NEUTRAL | The RSI value for NEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests NEO has a negative trend. |
| Stochastics (14,3) | 21.26 | NEUTRAL | The Stochastics value for NEO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for NEO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for NEO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.93 | 11.80 | 1.13 (8.74%) | 11.44% |
| An entry @12.93. This is a Buy Stop order right above the resistance zone. | An exit @11.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 8.74%. | For a 1.00% total portfolio risk, you can invest 11.44% 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.
12.06
-0.34 (-2.74%)
NEOGENOMICS INC / NEO FAQ
What is the technical rating for NEO stock?
ChartMill assigns a technical rating of 7 / 10 to NEO.
What is the trend direction for NEO stock?
The current trend direction for NEOGENOMICS INC (NEO) is Bullish.
What is the RSI signal for NEOGENOMICS INC (NEO) stock?
NEOGENOMICS INC (NEO) has an RSI value of 43.868. This indicates that the stock is currently neutral.
What is the MACD signal for NEO stock?
The MACD indicator for NEOGENOMICS INC (NEO) has a value of -0.118803, indicating a bearish trend.