NEUROONE MEDICAL TECHNOLOGIE (NMTC) Stock Technical Analysis
NASDAQ:NMTC - Nasdaq - US64130M2098 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to NMTC. NMTC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
NMTC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 73% of 187 stocks in the same industry.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, NMTC outperforms 66% of them, which is more or less in line with the market.
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 0.56 - 0.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NMTC 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. There is a support zone below the current price at 0.69, a Stop Loss order could be placed below this zone.
More info and screens
0.55
0.98
We found 5 important support areas.
- A support zone ranging from 0.67 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.60 from a trend line in the daily time frame.
- Support @0.59 from a trend line in the weekly time frame.
- Support @0.57 from a trend line in the daily time frame.
- Support @0.56 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.73 from a horizontal line in the daily time frame.
- Resistance @0.97 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 | UP | POSITIVE | The short term trend for NMTC is up. |
| ChartMill Relative Strength | 66.79 | NEUTRAL | NMTC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NMTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.53 | NEUTRAL | The RSI value for NMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NMTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.9 | NEUTRAL | The Stochastics value for NMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for NMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.18 | 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)
0.701
+0.01 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.59%
1 Week-3.97%
2 Weeks1.95%
1 Month16.43%
3 Month47.58%
6 Month-23.8%
12 Month-12.85%
2 Year-31.27%
3 Year-40.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.16%
ATR Inc-35.26%
Range Today0.03
ADR(20)0.05
ADR(20)%7.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.79
Mansfield-2.15
10 Day High0.77
10 Day Low0.66
20 Day High0.77
20 Day Low0.56
52 Week High1.39
52 Week Low0.4
CS1 End0.69
CR1 Start0.7
Volume & EV
DER(3)-13.45%
DER(5)-8.98%
Volume34.20K
Volume Incr-41.08%
Vol(5)117.80K
Vol(50)249.61K