NEONODE INC (NEON) Technical Analysis
NASDAQ:NEON • US64051M7092
Taking everything into account, NEON scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than NEON.
- NEON is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 85% 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 1.66 - 2.04 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NEON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone.
More info and screens
1.66
We found 1 important support area.
- A support zone ranging from 1.68 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.81 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.89 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 | 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 | 4.62 | NEGATIVE | NEON has a low relative strength, it was outperformed by 95.38% 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) | 43.33 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 35.63 | NEUTRAL | The Stochastics value for NEON is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for NEON suggests high volalility. |
| Average Directional Index/ADX (14) | 9.92 | NEGATIVE | The low ADX value for NEON suggests a weak or negative trend. |
NEON Technicals: Chart, Performance Metrics, Trend & Indicators
1.73
-0.03 (-1.7%)
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 43.3346. 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 0.00901981, 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.