NEURONETICS INC (STIM) Stock Technical Analysis
NASDAQ:STIM - Nasdaq - US64131A1051 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to STIM. In the last year, STIM was one of the better performers, but we do observe some doubts in the very recent evolution.
STIM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 188 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that STIM is one of the better performing stocks in the market, outperforming 95% 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.
In the last month STIM has a been trading in the 3.30 - 4.82 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.
Although the technical rating is only medium, STIM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.24. Right above this resistance zone may be a good entry point.
More info and screens
3.48
4.43
When analyzing the support we can see 2 important areas.
- Support @3.84 from a horizontal line in the daily time frame.
- A support zone ranging from 3.52 to 3.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.24 to 4.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 STIM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STIM is down. |
| ChartMill Relative Strength | 95.2 | POSITIVE | STIM has a high relative strength, it outperformed 95.2% 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) | DOWN | NEGATIVE | The current price of STIM is below a declining 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) | 41.16 | NEUTRAL | The RSI value for STIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests STIM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.14 | OVERSOLD | The low Stochastics value suggests STIM may be oversold. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for STIM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for STIM suggests a possible start of a new 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)
3.91
-0.04 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.01%
1 Week-2.01%
2 Weeks-9.07%
1 Month-12.33%
3 Month-8%
6 Month291%
12 Month103.65%
2 Year43.22%
3 Year45.9%
5 Year113.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%8.07%
ATR Inc-48.4%
Range Today0.14
ADR(20)0.31
ADR(20)%8.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.2
Mansfield6.24
10 Day High4.47
10 Day Low3.78
20 Day High4.82
20 Day Low3.3
52 Week High5.92
52 Week Low0.52
CS1 End3.84
CR1 Start4.24
Volume & EV
DER(3)-2.16%
DER(5)-2.88%
Volume507.00K
Volume Incr-41.89%
Vol(5)524.76K
Vol(50)901.05K