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.
Although the technical rating is bad, STIM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STIM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.29
We found 1 important support area.
- A support zone ranging from 3.32 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.58 to 3.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.88 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.17 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 | 90.28 | POSITIVE | STIM has a high relative strength, it outperformed 90.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STIM is above 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) | 48.07 | NEUTRAL | The RSI value for STIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests STIM has a positive trend. |
| Stochastics (14,3) | 85.33 | OVERBOUGHT | The high Stochastics value suggests STIM may be overbought. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for STIM suggests high volalility. |
| Average Directional Index/ADX (14) | 38.55 | POSITIVE | The high ADX value value for STIM suggests a strong trend. |
3.57
+0.03 (+0.85%)