NEURONETICS INC (STIM) Stock Technical Analysis
NASDAQ:STIM - Nasdaq - US64131A1051 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to STIM. Although STIM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month STIM has a been trading in the 3.35 - 4.17 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
STIM is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. STIM outperforms 89% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that STIM is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
STIM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so STIM is lagging the market slightly.
The technical rating of STIM 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.
More info and screens
3.34
4.37
When analyzing the support we can see 2 important areas.
- Support @3.45 from a horizontal line in the weekly time frame.
- Support @3.37 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.78 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.15 to 4.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.33 from a trend line in the daily 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 STIM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STIM is down. |
| ChartMill Relative Strength | 90.14 | POSITIVE | STIM has a high relative strength, it outperformed 90.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of STIM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.4 | NEUTRAL | The RSI value for STIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests STIM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.73 | OVERSOLD | The low Stochastics value suggests STIM may be oversold. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for STIM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.3 | POSITIVE | The high ADX value value for STIM 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)
3.46
+0.08 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.37%
1 Week-9.19%
2 Weeks-9.66%
1 Month-13.72%
3 Month-28.81%
6 Month148.92%
12 Month89.07%
2 Year60.93%
3 Year7.79%
5 Year79.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%5.12%
ATR Inc-15.56%
Range Today0.16
ADR(20)0.18
ADR(20)%5.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.14
Mansfield3.79
10 Day High3.9
10 Day Low3.35
20 Day High4.18
20 Day Low3.35
52 Week High5.92
52 Week Low0.52
CS1 End3.45
CR1 Start3.78
Volume & EV
DER(3)-5.87%
DER(5)-2.95%
Volume1.06M
Volume Incr3.21%
Vol(5)597.28K
Vol(50)730.51K