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.
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.
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11.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.20 to 12.41. 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 11.46 to 11.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.17 to 13.17. 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 | 56.75 | 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) | UP | POSITIVE | The current price of NEO is above 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) | 56.25 | NEUTRAL | The RSI value for NEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NEO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.49 | NEUTRAL | The Stochastics value for NEO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for NEO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.98 | NEUTRAL | The ADX value for NEO suggests a possible start of a new 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 |
|---|---|---|---|
| 13.18 | 12.19 | 0.99 (7.51%) | 13.31% |
| An entry @13.18. This is a Buy Stop order right above the resistance zone. | An exit @12.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 7.51%. | When investing 13.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
12.49
-0.67 (-5.09%)
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 56.2543. 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 0.022797, indicating a bearish trend.