NEUROONE MEDICAL TECHNOLOGIE (NMTC) Stock Technical Analysis
NASDAQ:NMTC - Nasdaq - US64130M2098 - Common Stock - Currency: USD
Overall NMTC gets a technical rating of 0 out of 10. NMTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, NMTC is a bad performer in the overall market: 95% of all stocks are doing better.
NMTC is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 77% of 187 stocks in the same industry do better.
NMTC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NMTC is lagging the market.
In the last month NMTC has a been trading in the 0.55 - 0.68 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
NMTC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.55, a Stop Loss order could be placed below this zone.
More info and screens
0.54
1.01
When analyzing the support we notice one important area.
- A support zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @0.56 from a trend line in the daily time frame.
- A resistance zone ranging from 0.60 to 0.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.00 from a trend 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 | DOWN | NEGATIVE | The long term trend for NMTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMTC is down. |
| ChartMill Relative Strength | 5 | NEGATIVE | NMTC has a low relative strength, it was outperformed by 95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.05 | NEUTRAL | The RSI value for NMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NMTC has a negative trend. |
| Stochastics (14,3) | 15.52 | OVERSOLD | The low Stochastics value suggests NMTC may be oversold. |
| Average True Range in percent/ATR (20) | 7.48 | HIGH VOLATILITY | The high ATR as a percentage value for NMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 11.76 | NEGATIVE | The low ADX value for NMTC suggests a weak or negative 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)
0.562
-0.01 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.09%
1 Week-3.39%
2 Weeks-8.03%
1 Month-14.33%
3 Month-47.96%
6 Month-26.07%
12 Month-41.1%
2 Year-53.17%
3 Year-31.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%7.48%
ATR Inc-51.49%
Range Today0.02
ADR(20)0.04
ADR(20)%7.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5
Mansfield-3.5
10 Day High0.62
10 Day Low0.55
20 Day High0.68
20 Day Low0.55
52 Week High1.39
52 Week Low0.4
CS1 End0.55
CR1 Start0.56
Volume & EV
DER(3)0.63%
DER(5)1.92%
Volume52.50K
Volume Incr-62.53%
Vol(5)95.36K
Vol(50)352.58K