NEOVOLTA INC (NEOV) Stock Technical Analysis
NASDAQ:NEOV • US6406551068
We assign a technical rating of 0 out of 10 to NEOV. NEOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 86% of all other stocks performed better in the past year than NEOV.
- NEOV is one of the lesser performing stocks in the Electrical Equipment industry. 65% of 91 stocks in the same industry do better.
- NEOV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NEOV has a been trading in the 3.03 - 4.99 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
NEOV has a poor technical rating and the quality of the setup is also only medium 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
2.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.96 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.91 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.87 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.68 to 5.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NEOV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEOV is down. |
| ChartMill Relative Strength | 14.7 | NEGATIVE | NEOV has a low relative strength, it was outperformed by 85.3% 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) | DOWN | NEGATIVE | The current price of NEOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.34 | NEUTRAL | The RSI value for NEOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NEOV has a negative trend. |
| Stochastics (14,3) | 8.63 | OVERSOLD | The low Stochastics value suggests NEOV may be oversold. |
| Average True Range in percent/ATR (20) | 16.91 | HIGH VOLATILITY | The high ATR as a percentage value for NEOV suggests high volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for NEOV suggests a weak or negative trend. |
3.04
-0.3 (-8.98%)
NEOVOLTA INC / NEOV FAQ
What is the ChartMill technical rating of NEOVOLTA INC (NEOV) stock?
ChartMill assigns a technical rating of 0 / 10 to NEOV.
What is the trend direction for 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 37.3423. 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.
What is the buy/sell signal for NEOV stock?
The buy/sell signal for NEOVOLTA INC (NEOV) is sell as both the short term and long term trends are negative.