NEUEHEALTH INC (NEUE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NEUE - US10920V4041 - Common Stock
Overall NEUE gets a technical rating of 4 out of 10. NEUE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Warning: NEUE has an average volume of 6271 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- NEUE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEUE is lagging the market slightly.
- Looking at the yearly performance, NEUE did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- NEUE is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, NEUE did better than 68% of them.
- In the last month NEUE has a been trading in a tight range between 6.59 and 6.90.
- Volume is considerably higher in the last couple of days.
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
We found 2 important support 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.
We can see 3 important resistance 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.
Can you provide the trend direction for NEUEHEALTH INC?
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.
Can you provide the MACD signal for NEUEHEALTH INC?
The MACD indicator for NEUEHEALTH INC (NEUE) has a value of 0.0000816772, indicating a bearish trend.
Can you provide the short term momentum for NEUEHEALTH INC?
The short term momentum for NEUEHEALTH INC (NEUE) is neutral.