NEOVOLTA INC (NEOV) Stock Technical Analysis
NASDAQ:NEOV - Nasdaq - US6406551068 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NEOV. 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.
The long and short term trends are both positive. This is looking good!
NEOV is part of the Electrical Equipment industry. There are 93 other stocks in this industry. NEOV outperforms 91% of them.
In the last month NEOV has a been trading in the 2.81 - 5.01 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, NEOV did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
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
2.39
4.62
5 important support areas can be observed.
- Support @3.62 from a trend line in the daily time frame.
- A support zone ranging from 3.34 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.26 from a trend line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
- Support @2.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.55 to 4.57. 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 | 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 | 95.99 | POSITIVE | NEOV has a high relative strength, it outperformed 95.99% 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) | UP | POSITIVE | The current price of NEOV is above 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) | 68.14 | NEUTRAL | The RSI value for NEOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NEOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.61 | NEUTRAL | The Stochastics value for NEOV is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for NEOV suggests high volalility. |
| Average Directional Index/ADX (14) | 31.02 | POSITIVE | The high ADX value value for NEOV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.38
-0.18 (-3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.95%
1 Week-3.74%
2 Weeks36.45%
1 Month53.68%
3 Month106.6%
6 Month5.04%
12 Month78.05%
2 Year36.88%
3 Year11.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%8.66%
ATR Inc99.53%
Range Today0.66
ADR(20)0.38
ADR(20)%8.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.99
Mansfield1.57
10 Day High5.01
10 Day Low3.12
20 Day High5.01
20 Day Low2.81
52 Week High6.11
52 Week Low1.8
CS1 End3.62
CR1 Start4.55
Volume & EV
DER(3)-11.08%
DER(5)-10.08%
Volume263.30K
Volume Incr67.38%
Vol(5)286.56K
Vol(50)182.12K