NEOEN Technical Analysis - Neoen SA

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to NEOEN. Although NEOEN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month NEOEN has a been trading in the 37.93 - 40.79 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, NEOEN did better than 92% of all other stocks.

NEOEN is part of the Independent Power and Renewable Electricity Producers industry. There are 22 other stocks in this industry. NEOEN outperforms 95% of them.

NEOEN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEOEN is lagging the market slightly.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NEOEN has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

37.90

40.36

We found 1 important support area.

A support zone ranging from 38.28 to 38.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 39.39 to 39.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for NEOEN.PA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NEOEN.PA is neutral.
ChartMill Relative Strength	92.85	POSITIVE	NEOEN.PA has a high relative strength, it outperformed 92.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NEOEN.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NEOEN.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of NEOEN.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	25.9	OVERSOLD	The low RSI value suggests NEOEN.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests NEOEN.PA has a negative trend.
Stochastics (14,3)	17.31	OVERSOLD	The low Stochastics value suggests NEOEN.PA may be oversold.
Average True Range in percent/ATR (20)	0.59	LOW VOLATILITY	The low ATR as a percentage value for NEOEN.PA suggests low volalility.
Average Directional Index/ADX (14)	69.28	POSITIVE	The high ADX value value for NEOEN.PA suggests a strong trend.