NEUROONE MEDICAL TECHNOLOGIE (NMTC) Stock Technical Analysis
USA - NASDAQ:NMTC - US64130M2098 - Common Stock
Taking everything into account, NMTC scores 0 out of 10 in our technical rating. NMTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of NMTC is bad and it also does not present a 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.
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0.68
When analyzing the support we notice one important area.
- A support zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.08 from a horizontal 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 | 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 | 24.43 | NEGATIVE | NMTC has a low relative strength, it was outperformed by 75.57% 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) | 32.92 | NEUTRAL | The RSI value for NMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NMTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.08 | OVERSOLD | The low Stochastics value suggests NMTC may be oversold. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for NMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for NMTC suggests a weak or negative trend. |
0.707
+0.01 (+1.83%)
NEUROONE MEDICAL TECHNOLOGIE / NMTC FAQ
What is the technical rating for NMTC stock?
ChartMill assigns a technical rating of 0 / 10 to NMTC.
What is the trend direction for NMTC stock?
The current trend direction for NEUROONE MEDICAL TECHNOLOGIE (NMTC) is Bearish.
What is the RSI signal for NMTC stock?
NEUROONE MEDICAL TECHNOLOGIE (NMTC) has an RSI value of 32.9223. This indicates that the stock is currently neutral.
What is the MACD signal for NEUROONE MEDICAL TECHNOLOGIE (NMTC) stock?
The MACD indicator for NEUROONE MEDICAL TECHNOLOGIE (NMTC) has a value of -0.0107985, indicating a bearish trend.
What is the buy/sell signal for NMTC stock?
The buy/sell signal for NEUROONE MEDICAL TECHNOLOGIE (NMTC) is sell as both the short term and long term trends are negative.