NEONODE INC (NEON) Stock Technical Analysis
NASDAQ:NEON - Nasdaq - US64051M7092 - Common Stock - Currency: USD
Overall NEON gets a technical rating of 10 out of 10. NEON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NEON did better than 99% of all other stocks. On top of that, NEON also shows a nice and consistent pattern of rising prices.
NEON is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 99% of 124 stocks in the same industry.
NEON is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NEON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEON is lagging the market.
NEON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.60, a Stop Loss order could be placed below this zone.
More info and screens
8.88
10.01
We found 2 important support areas.
- A support zone ranging from 9.38 to 9.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.97 to 9.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.75 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.24
Mansfield7.47
10 Day High10.25
10 Day Low8.5
20 Day High10.25
20 Day Low8
52 Week High15
52 Week Low1.23
Performance
1 Week-2.93%
2 Weeks1.37%
1 Month11.36%
3 Month17.77%
6 Month95.72%
12 Month524.03%
2 Year20.13%
3 Year106.22%
5 Year344.91%
10 Year-68.7%
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)0.02
RSI(14)58.88
LBB8.62
UBB10.12
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.92 | 9.37 | 0.55 (5.54%) | 18.04% |
| An entry @9.92. This is a Buy Stop order right above the resistance zone. | An exit @9.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 5.54%. | For a 1.00% total portfolio risk, you can invest 18.04% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NEON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:NEON (2/21/2025, 8:00:01 PM)
9.61
+0.22 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.34%
1 Week-2.93%
2 Weeks1.37%
1 Month11.36%
3 Month17.77%
6 Month95.72%
12 Month524.03%
2 Year20.13%
3 Year106.22%
5 Year344.91%
10 Year-68.7%
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%5.61%
ATR Inc-15.07%
Range Today0.47
ADR(20)0.53
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.24
Mansfield7.47
10 Day High10.25
10 Day Low8.5
20 Day High10.25
20 Day Low8
52 Week High15
52 Week Low1.23
CS1 End9.6
CR1 Start9.75
Volume & EV
DER(3)-0.61%
DER(5)1.46%
Volume84.90K
Volume Incr4.71%
Vol(5)92.18K
Vol(50)99.20K