NEWEGG COMMERCE INC (NEGG) Technical Analysis
NASDAQ:NEGG • VGG6483G2099
Current stock price
NEGG Technical Rating and Analysis
Taking everything into account, NEGG scores 2 out of 10 in our technical rating. Although NEGG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- NEGG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NEGG has a been trading in the 33.00 - 47.00 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NEGG is one of the better performing stocks in the Specialty Retail industry, it outperforms 99% of 123 stocks in the same industry.
- 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 overall performance is mostly based on the strong move around 10 months ago.
NEGG Weekly and Daily overview Charts
NEGG Setup Rating and Analysis
NEGG has a poor technical rating and the quality of the setup is also not perfect 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
NEGG Support and Resistance Analysis
33.76
When analyzing the support we notice one important area.
- A support zone ranging from 34.10 to 34.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @40.30 from a trend line in the daily time frame.
- A resistance zone ranging from 42.03 to 42.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NEGG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for NEGG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEGG is down. |
| ChartMill Relative Strength | 99.44 | POSITIVE | NEGG has a high relative strength, it outperformed 99.44% 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) | DOWN | NEGATIVE | The current price of NEGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NEGG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.74 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests NEGG has a negative trend. |
| Stochastics (14,3) | 12.27 | OVERSOLD | The low Stochastics value suggests NEGG may be oversold. |
| Average True Range in percent/ATR (20) | 9.76 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for NEGG suggests a weak or negative trend. |
NEGG Chart- and CandleStick Pattern Analysis
NEGG Technicals: Chart, Performance Metrics, Trend & Indicators
34.11
-0.8 (-2.29%)
NEWEGG COMMERCE INC / NEGG TA FAQ
What is the ChartMill technical rating of NEWEGG COMMERCE INC (NEGG) stock?
ChartMill assigns a technical rating of 2 / 10 to NEGG.
What is the trend direction for NEGG stock?
The current trend direction for NEWEGG COMMERCE INC (NEGG) is Bearish.
What is the RSI signal for NEWEGG COMMERCE INC (NEGG) stock?
NEWEGG COMMERCE INC (NEGG) has an RSI value of 37.7366. 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 -0.615411, indicating a bearish trend.
What is the buy/sell signal for NEWEGG COMMERCE INC (NEGG) stock?
The buy/sell signal for NEWEGG COMMERCE INC (NEGG) is sell as both the short term and long term trends are negative.