Taking everything into account, NEOV scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, NEOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NEOV is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- NEOV is part of the Electrical Equipment industry. There are 91 other stocks in this industry, NEOV did better than 65% of them.
- NEOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEOV is lagging the market.
- In the last month NEOV has a been trading in the 2.86 - 7.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although NEOV has an excellent technical rating, it does not present a decent entry opportunity 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
3.05
3 important support areas can be observed.
- A support zone ranging from 4.77 to 4.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.71 from a trend line in the daily time frame.
- A support zone ranging from 3.08 to 3.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @5.80 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 | UP | POSITIVE | The long term trend for NEOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEOV is up. |
| ChartMill Relative Strength | 83.06 | POSITIVE | NEOV has a high relative strength, it outperformed 83.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEOV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for NEOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NEOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.4 | NEUTRAL | The Stochastics value for NEOV is a neutral value. |
| Average True Range in percent/ATR (20) | 13.47 | HIGH VOLATILITY | The high ATR as a percentage value for NEOV suggests high volalility. |
| Average Directional Index/ADX (14) | 31.62 | POSITIVE | The high ADX value value for NEOV suggests a strong trend. |
4.87
+0.09 (+1.88%)
NEOVOLTA INC / NEOV FAQ
What is the ChartMill technical rating of NEOVOLTA INC (NEOV) stock?
ChartMill assigns a technical rating of 8 / 10 to NEOV.
What is the trend direction for NEOV stock?
The current trend direction for NEOVOLTA INC (NEOV) is Bullish.
What is the RSI signal for NEOV stock?
NEOVOLTA INC (NEOV) has an RSI value of 58.0842. This indicates that the stock is currently neutral.
What is the short term momentum for NEOV stock?
The short term momentum for NEOVOLTA INC (NEOV) is positive.
What is the buy/sell signal for NEOV stock?
The buy/sell signal for NEOVOLTA INC (NEOV) is buy as both the short term and long term trends are positive.