NEOGEN CORP (NEOG) Stock Technical Analysis
NASDAQ:NEOG - Nasdaq - US6404911066 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NEOG. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEOG was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NEOG is a bad performer in the overall market: 98% of all stocks are doing better.
NEOG is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 84% of 187 stocks in the same industry do better.
NEOG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NEOG has an average volume of 6223620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NEOG has a been trading in the 4.59 - 6.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NEOG is bad and it also does not present a 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
4.67
5.39
We found 1 important support area.
- A support zone ranging from 4.72 to 4.76. 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 5.34 to 5.34. 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 | DOWN | NEGATIVE | The long term trend for NEOG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEOG is neutral. |
| ChartMill Relative Strength | 2.96 | NEGATIVE | NEOG has a low relative strength, it was outperformed by 97.04% 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 | MIXED | The current price of NEOG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.04 | NEUTRAL | The RSI value for NEOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NEOG has a positive trend. |
| Stochastics (14,3) | 52.67 | NEUTRAL | The Stochastics value for NEOG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for NEOG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for NEOG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.33
+0.1 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.91%
1 Week11.27%
2 Weeks6.81%
1 Month7.46%
3 Month-31.67%
6 Month-56.49%
12 Month-65%
2 Year-77.02%
3 Year-76.96%
5 Year-86.11%
10 Year-81.68%
15 Year-46.45%
Volatility
ATR(14)0.27
ATR(20)%5.62%
ATR Inc15.42%
Range Today0.2
ADR(20)0.29
ADR(20)%5.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.96
Mansfield-5.73
10 Day High5.4
10 Day Low4.59
20 Day High6.1
20 Day Low4.59
52 Week High18.58
52 Week Low3.87
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1.7%
DER(5)-0.01%
Volume4.02M
Volume Incr60.94%
Vol(5)9.72M
Vol(50)6.22M