NEOVOLTA INC (NEOV) Stock Technical Analysis
USA - NASDAQ:NEOV - US6406551068 - Common Stock
Overall NEOV gets a technical rating of 1 out of 10. NEOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NEOV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.21, a Stop Loss order could be placed below this zone.
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2.77
4 important support areas can be observed.
- A support zone ranging from 4.17 to 4.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.97 to 4.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.88 from a trend line in the daily time frame.
- Support @2.80 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.35 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.55 from a horizontal line in the daily time frame.
- Resistance @5.68 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for NEOV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEOV is down. |
| ChartMill Relative Strength | 22.57 | NEGATIVE | NEOV has a low relative strength, it was outperformed by 77.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEOV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEOV is below the rising 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) | 46.58 | NEUTRAL | The RSI value for NEOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.69 | NEUTRAL | The Stochastics value for NEOV is a neutral value. |
| Average True Range in percent/ATR (20) | 10.77 | HIGH VOLATILITY | The high ATR as a percentage value for NEOV suggests high volalility. |
| Average Directional Index/ADX (14) | 11.95 | NEGATIVE | The low ADX value for NEOV suggests a weak or negative trend. |
4.24
+0.21 (+5.21%)
NEOVOLTA INC / NEOV FAQ
What is the ChartMill technical rating of NEOVOLTA INC (NEOV) stock?
ChartMill assigns a technical rating of 1 / 10 to NEOV.
What is the current trend direction of NEOVOLTA INC (NEOV) stock?
The current trend direction for NEOVOLTA INC (NEOV) is Bearish.
What is the RSI signal for NEOV stock?
NEOVOLTA INC (NEOV) has an RSI value of 46.583. 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 negative.
Can you provide the support and resistance levels for NEOVOLTA INC?
NEOVOLTA INC (NEOV) has a support level at 4.21 and a resistance level at 4.35. Check the full technical report for our detailed analysis of NEOV support and resistance levels.