REUN Technical Analysis - Reunion Neuroscience Inc

Technical Rating and Analysis

Taking everything into account, REUN scores 4 out of 10 in our technical rating. In the last year, REUN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

100% of all other stocks performed better in the past year than REUN.

REUN is one of the lesser performing stocks in the Biotechnology industry. 100% of 23 stocks in the same industry do better.

REUN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: REUN has an average volume of 19834 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

REUN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Reunion Neuroscience Inc / REUN Weekly stock chart

Reunion Neuroscience Inc / REUN Daily stock chart

Setup Rating and Analysis

REUN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.01

1.54

We found 2 important support areas.

A support zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.02 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.46 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 REUN.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for REUN.CA is neutral.
ChartMill Relative Strength	0	NEGATIVE	REUN.CA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of REUN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of REUN.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of REUN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.54	NEUTRAL	The RSI value for REUN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests REUN.CA has a negative trend.
Stochastics (14,3)	37.04	NEUTRAL	The Stochastics value for REUN.CA is a neutral value.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for REUN.CA suggests low volalility.
Average Directional Index/ADX (14)	45.18	POSITIVE	The high ADX value value for REUN.CA suggests a strong trend.