NEONODE INC (NEON) Stock Technical Analysis
NASDAQ:NEON - US64051M7092 - Common Stock
23.95 USD
+1.89 (+8.57%)
25.45 USD
+1.5 (+6.26%)
We assign a technical rating of 10 out of 10 to NEON. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEON is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, NEON did better than 98% of all other stocks. On top of that, NEON also shows a nice and consistent pattern of rising prices.
NEON is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. NEON outperforms 94% of them.
NEON 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 NEON is lagging the market slightly.
In the last month NEON has a been trading in the 20.59 - 26.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NEON also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 22.09, a Stop Loss order could be placed below this zone.
More info and screens
13.13
26.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.79 to 22.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.26 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @25.14 from a trend line in the daily time frame.
- Resistance @25.76 from a horizontal line in the daily 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 NEON is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEON is neutral. |
| ChartMill Relative Strength | 98.46 | POSITIVE | NEON has a high relative strength, it outperformed 98.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEON is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.8 | NEUTRAL | The RSI value for NEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NEON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.82 | NEUTRAL | The Stochastics value for NEON is a neutral value. |
| Average True Range in percent/ATR (20) | 8.57 | HIGH VOLATILITY | The high ATR as a percentage value for NEON suggests high volalility. |
| Average Directional Index/ADX (14) | 18.44 | NEGATIVE | The low ADX value for NEON 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)
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 |
|---|---|---|---|
| 25.15 | 21.78 | 3.37 (13.40%) | 7.46% |
| An entry @25.15. This is a Buy Stop order right above the resistance zone. | An exit @21.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.37 points, which is 13.40%. | When investing 7.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
23.95
+1.89 (+8.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg8.57%
1 Week-4.2%
2 Weeks5.32%
1 Month8.42%
3 Month134.34%
6 Month176.56%
12 Month230.35%
2 Year1237.99%
3 Year612.8%
5 Year139.74%
10 Year-18.26%
15 YearN/A
Volatility
ATR(14)2.18
ATR(20)%8.57%
ATR Inc53.01%
Range Today3.64
ADR(20)2
ADR(20)%8.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.46
Mansfield8.21
10 Day High26.95
10 Day Low21.44
20 Day High26.95
20 Day Low20.59
52 Week High29.9
52 Week Low5.73
CS1 End22.09
CR1 Start25.14
Volume & EV
DER(3)-1.15%
DER(5)-1.55%
Volume608.10K
Volume Incr37.78%
Vol(5)365.58K
Vol(50)361.95K