Taking everything into account, NEGG scores 5 out of 10 in our technical rating. NEGG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
NEGG has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
53.25
When analyzing the support we notice one important area.
- A support zone ranging from 53.79 to 54.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 67.44 to 68.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 77.20 to 77.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @85.84 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for NEGG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEGG is down. |
| ChartMill Relative Strength | 99.33 | POSITIVE | NEGG has a high relative strength, it outperformed 99.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEGG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.23 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.13 | NEGATIVE | The MACD value suggests NEGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.67 | OVERSOLD | The low Stochastics value suggests NEGG may be oversold. |
| Average True Range in percent/ATR (20) | 12.11 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.74 | NEUTRAL | The ADX value for NEGG suggests a possible start of a new trend. |
54.35
-1.54 (-2.76%)
NEWEGG COMMERCE INC / NEGG FAQ
What is the ChartMill technical rating of NEWEGG COMMERCE INC (NEGG) stock?
ChartMill assigns a technical rating of 5 / 10 to NEGG.
What is the current trend direction of NEWEGG COMMERCE INC (NEGG) stock?
The current trend direction for NEWEGG COMMERCE INC (NEGG) is Bullish.
What is the RSI signal for NEGG stock?
NEWEGG COMMERCE INC (NEGG) has an RSI value of 37.2276. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEWEGG COMMERCE INC?
The MACD indicator for NEWEGG COMMERCE INC (NEGG) has a value of -2.1304, indicating a bearish trend.
What are the support and resistance levels for NEWEGG COMMERCE INC (NEGG) stock?
NEWEGG COMMERCE INC (NEGG) has a support level at 54.34 and a resistance level at 67.44. Check the full technical report for our detailed analysis of NEGG support and resistance levels.