NEUROONE MEDICAL TECHNOLOGIE (NMTC) Stock Technical Analysis
USA - NASDAQ:NMTC - US64130M2098 - Common Stock
0.9956 USD
+0.07 (+7.05%)
1.09 USD
+0.09 (+9.48%)
Overall NMTC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NMTC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
NMTC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 191 stocks in the same industry.
In the last month NMTC has a been trading in the 0.85 - 1.08 range, which is quite wide. It is currently trading near the high of this range.
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 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NMTC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.69
1.18
We found 5 important support areas.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.89 from a horizontal line in the daily time frame.
- Support @0.78 from a trend line in the daily time frame.
- Support @0.74 from a horizontal line in the daily time frame.
- Support @0.70 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for NMTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMTC is up. |
| ChartMill Relative Strength | 82.55 | POSITIVE | NMTC has a high relative strength, it outperformed 82.55% 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) | 68.46 | NEUTRAL | The RSI value for NMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NMTC has a positive trend. |
| Stochastics (14,3) | 39.84 | NEUTRAL | The Stochastics value for NMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for NMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 33.29 | POSITIVE | The high ADX value value for NMTC suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.02 | 0.90 | 0.12 (11.76%) | 8.50% |
| An entry @1.02. This is a Buy Stop order right above the resistance zone. | An exit @0.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 11.76%. | For a 1.00% total portfolio risk, you can invest 8.50% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.9956
+0.07 (+7.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg7.05%
1 Week10.62%
2 Weeks6.95%
1 Month15.1%
3 Month39.83%
6 Month111.83%
12 Month8.22%
2 Year10.63%
3 Year2.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.28%
ATR Inc91.57%
Range Today0.11
ADR(20)0.06
ADR(20)%5.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.55
Mansfield0.81
10 Day High1.08
10 Day Low0.86
20 Day High1.08
20 Day Low0.85
52 Week High1.39
52 Week Low0.4
CS1 End0.92
CR1 Start1
Volume & EV
DER(3)-9.73%
DER(5)-8.25%
Volume1.34M
Volume Incr9.38%
Vol(5)485.27K
Vol(50)359.38K