NASDAQ:NEOG • US6404911066
We assign a technical rating of 9 out of 10 to NEOG. Both in the recent history as in the last year, NEOG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, NEOG also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
5.22
We found 4 important support areas.
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 | 92.6 | POSITIVE | NEOG has a high relative strength, it outperformed 92.6% 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) | UP | POSITIVE | The current price of NEOG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.41 | OVERBOUGHT | The high RSI value suggests NEOG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NEOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.35 | OVERBOUGHT | The high Stochastics value suggests NEOG may be overbought. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for NEOG suggests some volalility. |
| Average Directional Index/ADX (14) | 50.55 | POSITIVE | The high ADX value value for NEOG 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 |
|---|---|---|---|
| 11.36 | 10.36 | 1.00 (8.77%) | 11.40% |
| An entry @11.36. This is a Buy Stop order right above the 10 day high. | An exit @10.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.00 points, which is 8.77%. | For a 1.00% total portfolio risk, you can invest 11.40% of your capital in this trade. |
11.33
+0.35 (+3.19%)
ChartMill assigns a technical rating of 9 / 10 to NEOG.
The current trend direction for NEOGEN CORP (NEOG) is Bullish.
NEOGEN CORP (NEOG) has an RSI value of 77.4138. This indicates that the stock is currently overbought.
The MACD indicator for NEOGEN CORP (NEOG) has a value of -0.0400492, indicating a bearish trend.
The short term momentum for NEOGEN CORP (NEOG) is positive.