NEUEHEALTH INC (NEUE) Stock Technical Analysis
USA - NYSE:NEUE - US10920V4041 - Common Stock
Overall NEUE gets a technical rating of 4 out of 10. In the last year, NEUE was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
NEUE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.72, a Stop Loss order could be placed below this zone.
More info and screens
6.42
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.65 to 6.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.48 to 6.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.77 to 6.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @6.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.45 to 7.54. 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 NEUE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEUE is neutral. |
| ChartMill Relative Strength | 78.48 | POSITIVE | NEUE has a high relative strength, it outperformed 78.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEUE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.03 | NEUTRAL | The RSI value for NEUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NEUE has a positive trend. |
| Stochastics (14,3) | 39.4 | NEUTRAL | The Stochastics value for NEUE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NEUE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for NEUE suggests a weak or negative trend. |
6.753
+0.08 (+1.24%)
NEUEHEALTH INC / NEUE FAQ
Can you provide the ChartMill technical rating for NEUEHEALTH INC?
ChartMill assigns a technical rating of 4 / 10 to NEUE.
What is the trend direction for NEUE stock?
The current trend direction for NEUEHEALTH INC (NEUE) is Bullish.
What is the RSI signal for NEUEHEALTH INC (NEUE) stock?
NEUEHEALTH INC (NEUE) has an RSI value of 53.0268. This indicates that the stock is currently neutral.
What is the short term momentum for NEUEHEALTH INC (NEUE) stock?
The short term momentum for NEUEHEALTH INC (NEUE) is neutral.
What is the support and resistance level for NEUE stock?
NEUEHEALTH INC (NEUE) has a support level at 6.72 and a resistance level at 6.77. Check the full technical report for our detailed analysis of NEUE support and resistance levels.