TELO Technical Analysis - TELO GENOMICS CORP

Technical Rating and Analysis

Overall TELO gets a technical rating of 0 out of 10. TELO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, TELO is a bad performer in the overall market: 96% of all stocks are doing better.

TELO is part of the Biotechnology industry. There are 24 other stocks in this industry, of which 78% are performing better than TELO.

TELO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month TELO has a been trading in the 0.07 - 0.08 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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELO GENOMICS CORP / TELO Weekly stock chart

TELO GENOMICS CORP / TELO Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TELO 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 0.08. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.12

We can see 4 important resistance areas.

A resistance zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @0.11 from a trend line in the daily time frame.
Resistance @0.12 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for TELO.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TELO.CA is down.
ChartMill Relative Strength	4.08	NEGATIVE	TELO.CA has a low relative strength, it was outperformed by 95.92% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TELO.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TELO.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TELO.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.06	NEUTRAL	The RSI value for TELO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests TELO.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	33.33	NEUTRAL	The Stochastics value for TELO.CA is a neutral value.
Average True Range in percent/ATR (20)	7.14	HIGH VOLATILITY	The high ATR as a percentage value for TELO.CA suggests high volalility.
Average Directional Index/ADX (14)	20.53	NEUTRAL	The ADX value for TELO.CA suggests a possible start of a new trend.