NEOGENOMICS INC (NEO) Technical Analysis
NASDAQ:NEO • US64049M2098
We assign a technical rating of 0 out of 10 to NEO. NEO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, NEO is a bad performer in the overall market: 84% of all stocks are doing better.
- NEO is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 62% are performing better than NEO.
- In the last month NEO has a been trading in the 9.04 - 12.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- NEO has an average volume of 1953780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEO is lagging the market.
NEO has a poor technical rating and the quality of the setup is also not perfect 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
9.01
We can see 4 important resistance areas.
- Resistance @9.59 from a trend line in the daily time frame.
- Resistance @10.18 from a horizontal line in the daily time frame.
- Resistance @11.39 from a trend line in the daily time frame.
- Resistance @12.51 from a trend 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 NEO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEO is down. |
| ChartMill Relative Strength | 16.76 | NEGATIVE | NEO has a low relative strength, it was outperformed by 83.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NEO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.07 | OVERSOLD | The low RSI value suggests NEO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NEO has a negative trend. |
| Stochastics (14,3) | 10.19 | OVERSOLD | The low Stochastics value suggests NEO may be oversold. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for NEO suggests high volalility. |
| Average Directional Index/ADX (14) | 39.92 | POSITIVE | The high ADX value value for NEO suggests a strong trend. |
NEO Technicals: Chart, Performance Metrics, Trend & Indicators
9.1
-0.44 (-4.61%)
NEOGENOMICS INC / NEO FAQ
What is the technical rating for NEO stock?
ChartMill assigns a technical rating of 0 / 10 to NEO.
What is the trend direction for NEO stock?
The current trend direction for NEOGENOMICS INC (NEO) is Bearish.
What is the RSI signal for NEOGENOMICS INC (NEO) stock?
NEOGENOMICS INC (NEO) has an RSI value of 27.0666. This indicates that the stock is currently oversold.
What is the MACD signal for NEO stock?
The MACD indicator for NEOGENOMICS INC (NEO) has a value of -0.0998209, indicating a bearish trend.
Can you provide the buy/sell signal for NEOGENOMICS INC?
The buy/sell signal for NEOGENOMICS INC (NEO) is sell as both the short term and long term trends are negative.