NEONODE INC (NEON)

US64051M7092 - Common Stock

6.84  -0.52 (-7.07%)

After market: 7.1 +0.26 (+3.8%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to NEON. In the last year, NEON was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month NEON has a been trading in the 6.45 - 9.35 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.
Looking at the yearly performance, NEON did better than 99% of all other stocks. We also observe that the gains produced by NEON over the past year are nicely spread over this period.
NEON is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. NEON outperforms 100% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
NEON 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 NEON is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
NEON Weekly chart
NEON Daily chart
Setup Rating and Analysis

3

Although NEON has an excellent technical rating, it does not present a decent entry opportunity 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.

Support and Resistance Analysis

6.77

11.46

We found 1 important resistance area.

  • Resistance @11.35 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.57
Mansfield9.28
10 Day High8.68
10 Day Low6.45
20 Day High9.35
20 Day Low6.45
52 Week High15
52 Week Low1.1
Performance
1 Week-18.18%
2 Weeks-20.74%
1 Month-9.52%
3 Month155.22%
6 Month154.75%
12 Month500%
2 Year66.83%
3 Year-29.92%
5 Year426.15%
10 Year-72.08%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.18
RSI(14)39.23
LBB6.83
UBB9.11
NEON Daily chart

NEONODE INC

NASDAQ:NEON (11/4/2024, 8:26:03 PM)

After market: 7.1 +0.26 (+3.8%)

6.84

-0.52 (-7.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-7.07%
1 Week-18.18%
2 Weeks-20.74%
1 Month-9.52%
3 Month155.22%
6 Month154.75%
12 Month500%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.59
ATR(20)%9.55%
ATR Inc
Range Today0.91
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.68
10 Day Low6.45
20 Day High9.35
20 Day Low6.45
52 Week High15
52 Week Low1.1
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume311.10K
Volume Incr-41.52%
Vol(5)147.52K
Vol(50)621.14K