NEOGEN CORP (NEOG) Technical Analysis
NASDAQ:NEOG • US6404911066
Current stock price
9.42 USD
-0.62 (-6.13%)
At close:
9.37 USD
-0.05 (-0.53%)
After Hours:
NEOG Technical Rating and Analysis
Overall NEOG gets a technical rating of 6 out of 10. In the last year, NEOG was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NEOG is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 90% of 188 stocks in the same industry.
- NEOG 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 NEOG is lagging the market slightly.
- NEOG has an average volume of 2911350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that NEOG is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month NEOG has a been trading in the 8.24 - 10.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
NEOG Weekly and Daily overview Charts
NEOG Setup Rating and Analysis
NEOG has an average technical rating and the quality of the presented setup is also not ideal 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
NEOG Support and Resistance Analysis
6.26
10.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.83 to 8.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.35 to 8.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.04 from a trend line in the weekly time frame.
- Support @6.32 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @10.35 from a horizontal line in the daily time frame.
- Resistance @10.75 from a trend line in the weekly time frame.
NEOG 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 NEOG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEOG is neutral. |
| ChartMill Relative Strength | 84.1 | POSITIVE | NEOG has a high relative strength, it outperformed 84.1% 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) | DOWN | NEGATIVE | The current price of NEOG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEOG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.51 | NEUTRAL | The RSI value for NEOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests NEOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.63 | NEUTRAL | The Stochastics value for NEOG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for NEOG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.98 | POSITIVE | The high ADX value value for NEOG suggests a strong trend. |
NEOG Chart- and CandleStick Pattern Analysis
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)
NEOG Example Setup
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 |
|---|---|---|---|
| 9.51 | 8.82 | 0.69 (7.29%) | 13.72% |
| An entry @9.51. This is a Buy Stop order right above the 10 day moving average. | An exit @8.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.69 points, which is 7.29%. | When investing 13.72% 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 NEOG. 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.
NEOG Technicals: Chart, Performance Metrics, Trend & Indicators
9.42
-0.62 (-6.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-6.13%
1 Week0.11%
2 Weeks2.95%
1 Month0.75%
3 Month-2.08%
6 Month55.96%
12 Month68.82%
2 Year-23.6%
3 Year-45.3%
5 Year-80.38%
10 Year-60.12%
15 Year-32.55%
Volatility
ATR(14)0.57
ATR(20)%5.77%
ATR Inc155.02%
Range Today0.71
ADR(20)0.51
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.1
3 months CRS43.6
6 months CRS94.93
Mansfield3.15
10 Day High10.83
10 Day Low8.63
20 Day High10.83
20 Day Low8.24
52 Week High11.43
52 Week Low4.32
CS1 End8.87
CR1 Start10.35
Volume & EV
DER(3)1.66%
DER(5)3.76%
Volume4.85M
Volume Incr77.76%
Vol(5)4.13M
Vol(50)2.91M
NEOGEN CORP / NEOG TA FAQ
What is the technical rating for NEOG stock?
ChartMill assigns a technical rating of 6 / 10 to NEOG.
What is the current trend direction of NEOGEN CORP (NEOG) stock?
The current trend direction for NEOGEN CORP (NEOG) is Bullish.
Can you provide the RSI signal for NEOGEN CORP?
NEOGEN CORP (NEOG) has an RSI value of 47.5137. 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 0.129222, indicating a bearish trend.
What is the short term momentum for NEOG stock?
The short term momentum for NEOGEN CORP (NEOG) is neutral.