NEOV Technical Analysis - NEOVOLTA INC

Technical Rating and Analysis

Overall NEOV gets a technical rating of 8 out of 10. In the last year, NEOV was one of the better performers, but we do observe some doubts in the very recent evolution.

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, NEOV did better than 90% of all other stocks.

NEOV 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 NEOV is lagging the market slightly.

NEOV is part of the Electrical Equipment industry. There are 93 other stocks in this industry, NEOV did better than 67% of them.

In the last month NEOV has a been trading in the 3.71 - 5.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.65

5.75

5 important support areas can be observed.

A support zone ranging from 4.88 to 4.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.59 from a trend line in the daily time frame.
A support zone ranging from 4.41 to 4.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.96 to 3.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.68 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @5.69 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	UP	POSITIVE	The long term trend for NEOV is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NEOV is neutral.
ChartMill Relative Strength	90.2	POSITIVE	NEOV has a high relative strength, it outperformed 90.2% 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)	53.37	NEUTRAL	The RSI value for NEOV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests NEOV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	40.72	NEUTRAL	The Stochastics value for NEOV is a neutral value.
Average True Range in percent/ATR (20)	8.96	HIGH VOLATILITY	The high ATR as a percentage value for NEOV suggests high volalility.
Average Directional Index/ADX (14)	23.87	NEUTRAL	The ADX value for NEOV suggests a possible start of a new trend.