NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
NASDAQ:NEGG - VGG6483G2099 - Common Stock
41.93 USD
-7.58 (-15.31%)
41.8 USD
-0.13 (-0.31%)
We assign a technical rating of 6 out of 10 to NEGG. In the last year, NEGG was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NEGG has a been trading in the 41.50 - 137.84 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.
NEGG is part of the Specialty Retail industry. There are 123 other stocks in this industry. NEGG outperforms 99% of them.
NEGG has an average volume of 1191720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that NEGG is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
NEGG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEGG is lagging the market.
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
41.51
42.35
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 | 99.59 | POSITIVE | NEGG has a high relative strength, it outperformed 99.59% 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) | 40.92 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.23 | NEGATIVE | The MACD value suggests NEGG has a negative trend. |
| Stochastics (14,3) | 0.78 | OVERSOLD | The low Stochastics value suggests NEGG may be oversold. |
| Average True Range in percent/ATR (20) | 48.01 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 51.78 | POSITIVE | The high ADX value value for NEGG suggests a strong trend. |
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)
41.93
-7.58 (-15.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-15.31%
1 Week-58.38%
2 Weeks-58.49%
1 Month-21.67%
3 Month766.32%
6 Month418.17%
12 Month156.64%
2 Year92.34%
3 Year-43.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)22.68
ATR(20)%48.01%
ATR Inc-58.29%
Range Today7
ADR(20)18.19
ADR(20)%43.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.59
Mansfield12.62
10 Day High137.84
10 Day Low41.5
20 Day High137.84
20 Day Low41.5
52 Week High137.84
52 Week Low3.32
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-2.12%
DER(5)-3.66%
Volume1.47M
Volume Incr-12.21%
Vol(5)1.35M
Vol(50)1.19M