NEOVOLTA INC (NEOV) Stock Technical Analysis
USA - NASDAQ:NEOV - US6406551068 - Common Stock
Taking everything into account, NEOV scores 1 out of 10 in our technical rating. 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.
NEOV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.51. Right above this resistance zone may be a good entry point.
More info and screens
2.77
4 important support areas can be observed.
- Support @4.15 from a horizontal line in the weekly time frame.
- Support @3.97 from a horizontal line in the daily time frame.
- Support @3.86 from a trend line in the daily time frame.
- Support @2.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.51 to 4.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 19.94 | NEGATIVE | NEOV has a low relative strength, it was outperformed by 80.06% 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) | 44.47 | NEUTRAL | The RSI value for NEOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NEOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.38 | NEUTRAL | The Stochastics value for NEOV is a neutral value. |
| Average True Range in percent/ATR (20) | 11.6 | HIGH VOLATILITY | The high ATR as a percentage value for NEOV suggests high volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for NEOV suggests a weak or negative trend. |
4.16
+0.18 (+4.52%)
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 44.4695. 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 4.15 and a resistance level at 4.51. Check the full technical report for our detailed analysis of NEOV support and resistance levels.