Taking everything into account, NEOG scores 7 out of 10 in our technical rating. Although NEOG is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although NEOG has an excellent technical rating, it 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.
More info and screens
4.97
When analyzing the support we can see 4 important areas.
- Support @6.05 from a trend line in the weekly time frame.
- Support @5.61 from a trend line in the daily time frame.
- Support @5.27 from a horizontal line in the daily time frame.
- A support zone ranging from 5.02 to 5.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @7.21 from a horizontal 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 NEOG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEOG is up. |
| ChartMill Relative Strength | 23.82 | NEGATIVE | NEOG has a low relative strength, it was outperformed by 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NEOG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.89 | NEUTRAL | The RSI value for NEOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NEOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.59 | OVERBOUGHT | The high Stochastics value suggests NEOG may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for NEOG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.9 | POSITIVE | The high ADX value value for NEOG suggests a strong trend. |
7.13
-0.07 (-0.97%)
NEOGEN CORP / NEOG FAQ
What is the technical rating for NEOG stock?
ChartMill assigns a technical rating of 7 / 10 to NEOG.
Can you provide the trend direction for NEOGEN CORP?
The current trend direction for NEOGEN CORP (NEOG) is Bullish.
What is the RSI signal for NEOGEN CORP (NEOG) stock?
NEOGEN CORP (NEOG) has an RSI value of 63.8934. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEOGEN CORP?
The MACD indicator for NEOGEN CORP (NEOG) has a value of 0.0896904, indicating a bearish trend.
What is the buy/sell signal for NEOG stock?
The buy/sell signal for NEOGEN CORP (NEOG) is buy as both the short term and long term trends are positive.