NEO Technical Analysis - NEOGENOMICS INC

Technical Rating and Analysis

Taking everything into account, NEO scores 8 out of 10 in our technical rating. Although NEO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month NEO has a been trading in the 7.56 - 9.98 range, which is quite wide. It is currently trading near the high of this range.

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 3131870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, NEO did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

NEO is an average performer in the Health Care Providers & Services industry, it outperforms 67% of 100 stocks in the same industry.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEOGENOMICS INC / NEO Weekly stock chart

Setup Rating and Analysis

Although NEO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.83

15.24

3 important support areas can be observed.

A support zone ranging from 8.96 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @8.47 from a trend line in the daily time frame.
Support @7.91 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @15.09 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for NEO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NEO is up.
ChartMill Relative Strength	78.83	POSITIVE	NEO has a high relative strength, it outperformed 78.83% off all stocks 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)	DOWN	MIXED	The current price of NEO is above a declining SMA(200).
Relative Strength Index/RSI (14)	73.53	OVERBOUGHT	The high RSI value suggests NEO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests NEO has a positive trend.
Stochastics (14,3)	91.45	OVERBOUGHT	The high Stochastics value suggests NEO may be overbought.
Average True Range in percent/ATR (20)	4.17	MEDIUM VOLATILITY	The ATR as a percentage value for NEO suggests some volalility.
Average Directional Index/ADX (14)	28.06	POSITIVE	The high ADX value value for NEO suggests a strong trend.