Taking everything into account, NEON scores 0 out of 10 in our technical rating. NEON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of NEON 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
1.80
We found 1 important support area.
- Support @1.82 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 | DOWN | NEGATIVE | The long term trend for NEON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEON is down. |
| ChartMill Relative Strength | 3.28 | NEGATIVE | NEON has a low relative strength, it was outperformed by 96.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.28 | NEUTRAL | The RSI value for NEON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEON has a positive trend. |
| Stochastics (14,3) | 18.89 | OVERSOLD | The low Stochastics value suggests NEON may be oversold. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for NEON suggests high volalility. |
| Average Directional Index/ADX (14) | 36.04 | POSITIVE | The high ADX value value for NEON suggests a strong trend. |
1.91
+0.09 (+4.95%)
NEONODE INC / NEON FAQ
What is the ChartMill technical rating of NEONODE INC (NEON) stock?
ChartMill assigns a technical rating of 0 / 10 to NEON.
What is the current trend direction of NEONODE INC (NEON) stock?
The current trend direction for NEONODE INC (NEON) is Bearish.
What is the RSI signal for NEON stock?
NEONODE INC (NEON) has an RSI value of 38.2828. This indicates that the stock is currently neutral.
What is the MACD signal for NEON stock?
The MACD indicator for NEONODE INC (NEON) has a value of 0.0115444, indicating a bearish trend.
Can you provide the buy/sell signal for NEONODE INC?
The buy/sell signal for NEONODE INC (NEON) is sell as both the short term and long term trends are negative.