NEON Technical Analysis - NEONODE INC

Technical Rating and Analysis

Overall NEON gets a technical rating of 0 out of 10. NEON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, NEON is a bad performer in the overall market: 100% of all stocks are doing better.

NEON is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, of which 91% are performing better than NEON.

NEON 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.

In the last month NEON has a been trading in the 3.24 - 4.23 range, which is quite wide. It is currently trading near the lows of this range.

NEON has an average volume of 3087910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.32

3.90

We found 1 important support area.

A support zone ranging from 3.35 to 3.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @3.86 from a horizontal line in the daily time frame.

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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	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	0.82	NEGATIVE	NEON has a low relative strength, it was outperformed by 99.18% 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)	24.9	OVERSOLD	The low RSI value suggests NEON may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.54	POSITIVE	The MACD value suggests NEON has a positive trend, although the MACD value is declining.
Stochastics (14,3)	30.41	NEUTRAL	The Stochastics value for NEON is a neutral value.
Average True Range in percent/ATR (20)	6.96	HIGH VOLATILITY	The high ATR as a percentage value for NEON suggests high volalility.
Average Directional Index/ADX (14)	53.86	POSITIVE	The high ADX value value for NEON suggests a strong trend.