Neo Analysis
Neo shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis.
Neo is trading at $19.88, at the moment.
We will find resistance from levels from above including:
21.57 from highs and lows over the past 14 periods
26.42 from sma 50
33.53 from highs and lows over the past 30 periods
65.85 from highs and lows over the past 100 periods
94.76 from highs and lows
Levels from above include::
15.63 from highs and lows over the past 14 periods
14.12 from highs and lows over the past 30 periods
The technicals for neo are as follows. Volatility has narrowed considerably, which suggests a breakout may be near. The RSI is 46, indicating that we are in a bear trend, but not yet oversold. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. neo is under the 50 period SMA, which is currently at 26, indicating bearishness. Additionally, neo is under the 100 period SMA, which is currently at 35, indicating bearishness. Finally, the 50 period SMA is below the 100 period SMA, which is a longer term confirmation of bearishness. The ADX suggests that neo is ranging.
We have some room until we reach upper bound of the Kovach Reversals Indicator at 24. We are likely to find support at the central moving average of the KRI at 19.