NEOGENOMICS INC (NEO) Technical Analysis
NASDAQ:NEO • US64049M2098
Current stock price
NEO Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to NEO. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, NEO is a bad performer in the overall market: 62% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NEO has an average volume of 2099610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEO is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, NEO did better than 53% of them.
- 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.
- In the last month NEO has a been trading in the 7.47 - 10.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEO Weekly and Daily overview Charts
NEO Setup Rating and Analysis
The technical rating of NEO is bad and it also does not present a 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
NEO Support and Resistance Analysis
7.42
2 important support areas can be observed.
- A support zone ranging from 8.15 to 8.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.49 to 7.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.45 to 9.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.87 from a trend line in the weekly time frame.
NEO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for NEO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEO is up. |
| ChartMill Relative Strength | 38.17 | NEUTRAL | NEO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEO is above a declining 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) | 64.24 | NEUTRAL | The RSI value for NEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NEO has a positive trend. |
| Stochastics (14,3) | 59.63 | NEUTRAL | The Stochastics value for NEO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for NEO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for NEO suggests a strong trend. |
NEO Chart- and CandleStick Pattern Analysis
NEO Technicals: Chart, Performance Metrics, Trend & Indicators
9.44
+0.18 (+1.94%)
NEOGENOMICS INC / NEO TA FAQ
What is the technical rating for NEO stock?
ChartMill assigns a technical rating of 3 / 10 to NEO.
Can you provide the trend direction for NEOGENOMICS INC?
The current trend direction for NEOGENOMICS INC (NEO) is Bearish.
Can you provide the RSI signal for NEOGENOMICS INC?
NEOGENOMICS INC (NEO) has an RSI value of 64.2443. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEOGENOMICS INC?
The short term momentum for NEOGENOMICS INC (NEO) is positive.
Can you provide the support and resistance levels for NEOGENOMICS INC?
NEOGENOMICS INC (NEO) has a support level at 8.59 and a resistance level at 9.45. Check the full technical report for our detailed analysis of NEO support and resistance levels.