NEOGENOMICS INC (NEO) Stock Technical Analysis
USA - NASDAQ:NEO - US64049M2098 - Common Stock
Taking everything into account, NEO scores 6 out of 10 in our technical rating. In the last year, NEO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
NEO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.91, a Stop Loss order could be placed below this zone.
More info and screens
9.47
We found 1 important support area.
- A support zone ranging from 9.57 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.14 to 10.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.68 to 10.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.88 from a horizontal line in the daily time frame.
- Resistance @14.85 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 | 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 | 77.76 | POSITIVE | NEO has a high relative strength, it outperformed 77.76% 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) | 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) | 52.85 | NEUTRAL | The RSI value for NEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NEO has a negative trend. |
| Stochastics (14,3) | 36.33 | NEUTRAL | The Stochastics value for NEO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for NEO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.45 | POSITIVE | The high ADX value value for NEO suggests a strong 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 |
|---|---|---|---|
| 10.38 | 9.56 | 0.82 (7.90%) | 12.66% |
| An entry @10.38. This is a Buy Stop order right above the resistance zone. | An exit @9.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 7.90%. | When investing 12.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NEO. Please evaluate whether better entry and exit points can be found.
- 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.
10.01
+0.01 (+0.1%)
NEOGENOMICS INC / NEO FAQ
What is the technical rating for NEO stock?
ChartMill assigns a technical rating of 6 / 10 to NEO.
What is the current trend direction of NEOGENOMICS INC (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 52.8545. This indicates that the stock is currently neutral.
What is the short term momentum for NEOGENOMICS INC (NEO) stock?
The short term momentum for NEOGENOMICS INC (NEO) is neutral.
What is the support and resistance level for NEO stock?
NEOGENOMICS INC (NEO) has a support level at 9.91 and a resistance level at 10.14. Check the full technical report for our detailed analysis of NEO support and resistance levels.