RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NEOG
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Wednesday for Neogen Corporation
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 3.07% PDF

The Neogen Corporation stock price gained 3.07% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.00 to $15.46. During the last trading day the stock fluctuated 3.07% from a day low at $15.00 to a day high of $15.46. The price has fallen in 7 of the last 10 days and is down by -0.96% for this period. Volume fell on the last day by -226 thousand shares and in total, 1 million shares were bought and sold for approximately $16.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.63% during the next 3 months and, with a 90% probability hold a price between $12.46 and $14.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

NEOG Signals & Forecast

There are mixed signals in the stock today. The Neogen Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.38. On a fall, the stock will find some support from the short-term average at $15.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.07%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Neogen Corporation stock

Neogen Corporation finds support from accumulated volume at $15.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.460 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 3.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NEOG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Neogen Corporation to open at $15.31, and during the day (based on 14 day Average True Range), to move between $14.94 and $15.98, which gives a possible trading interval of +/-$0.520 (+/-3.36%) up or down from last closing price. If Neogen Corporation takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.30 (1.03%) than the resistance at $16.44 (6.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Neogen Corporation stock A Buy?

Neogen Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.636 Sell Candidate Unchanged

Predicted Opening Price for Neogen Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.31 ( 0.99%) $15.46

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NEOG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.77 1.98 %
R2 15.59 0.85 %
R1 15.48 0.145 %
Current price: 15.46
Support S1 15.13 -2.13 %
S2 15.02 -2.83 %
S3 14.85 -3.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.18 17.59 %
R2 16.88 9.18 %
R1 16.44 6.34 %
Current price 15.46
Support S1 15.30 -1.03%
S2 15.18 -1.81%
S3 15.06 -2.59%

FAQ

What is the symbol for Neogen Corporation Stock and on which exchange is it traded?
The symbol for Neogen Corporation is NEOG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Neogen Corporation Stock?
Neogen Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Neogen Corporation Stock?
Neogen Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Neogen Corporation Stock.

What's the current price of Neogen Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Neogen Corporation (NEOG) share was $15.46.

What is the 52-week high and low for Neogen Corporation Stock?
The 52-week high for Neogen Corporation Stock is $24.10 and the 52-week low is $14.44.

What is the market capitalization of Neogen Corporation Stock?
As of the 2024-03-27, the market capitalization of Neogen Corporation is 3.248B.

When is the next earnings date for Neogen Corporation?
The upcoming earnings date for Neogen Corporation is Apr 04, 2024.
Click to get the best stock tips daily for free!

About Neogen Corporation

Neogen Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modific... NEOG Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT