NEUROONE MEDICAL TECHNOLOGIE (NMTC) Stock Technical Analysis
USA - NASDAQ:NMTC - US64130M2098 - Common Stock
0.8891 USD
-0.01 (-0.58%)
0.8808 USD
-0.01 (-0.93%)
We assign a technical rating of 8 out of 10 to NMTC. In the last year, NMTC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NMTC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 88% of 191 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NMTC did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
NMTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NMTC is lagging the market.
In the last month NMTC has a been trading in the 0.71 - 1.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NMTC has an excellent technical rating, it does not offer a high quality setup 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
0.60
1.18
We found 3 important support areas.
- Support @0.74 from a trend line in the daily time frame.
- A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.61 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.90 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.97 from a trend line in the daily time frame.
- Resistance @1.01 from a trend line in the daily time frame.
- Resistance @1.17 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 | NEUTRAL | NEUTRAL | The long term trend for NMTC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMTC is up. |
| ChartMill Relative Strength | 85.97 | POSITIVE | NMTC has a high relative strength, it outperformed 85.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.06 | NEUTRAL | The RSI value for NMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NMTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.98 | NEUTRAL | The Stochastics value for NMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for NMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for NMTC suggests a possible start of a new 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)
0.8891
-0.01 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.58%
1 Week12.15%
2 Weeks20.33%
1 Month7.12%
3 Month58.2%
6 Month-17.68%
12 Month7.12%
2 Year-0.15%
3 Year-47.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.81%
ATR Inc-38.5%
Range Today0.04
ADR(20)0.07
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.97
Mansfield-0.27
10 Day High0.95
10 Day Low0.71
20 Day High1.01
20 Day Low0.71
52 Week High1.39
52 Week Low0.4
CS1 End0.74
CR1 Start0.9
Volume & EV
DER(3)-14.2%
DER(5)-7.9%
Volume459.90K
Volume Incr45.93%
Vol(5)472.79K
Vol(50)282.32K