NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
NASDAQ:NEGG • VGG6483G2099
We assign a technical rating of 2 out of 10 to NEGG. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- NEGG is part of the Specialty Retail industry. There are 123 other stocks in this industry. NEGG outperforms 100% of them.
- 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 7 months ago.
- 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.
- In the last month NEGG has a been trading in the 43.69 - 59.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NEGG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 46.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
43.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.57 to 46.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.05 to 44.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- Resistance @48.77 from a trend line in the daily time frame.
- A resistance zone ranging from 50.85 to 50.94. 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 52.51 to 53.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.78 to 55.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.41 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 | DOWN | NEGATIVE | The long term trend for NEGG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEGG is neutral. |
| ChartMill Relative Strength | 99.13 | POSITIVE | NEGG has a high relative strength, it outperformed 99.13% 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 | POSITIVE | The current price of NEGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.63 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NEGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.96 | NEUTRAL | The Stochastics value for NEGG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.55 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 11.84 | NEGATIVE | The low ADX value for NEGG suggests a weak or negative trend. |
NASDAQ:NEGG (2/23/2026, 8:04:32 PM)
48.57
-2.26 (-4.45%)
NEWEGG COMMERCE INC / NEGG 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 NEGG stock?
NEWEGG COMMERCE INC (NEGG) has an RSI value of 45.6335. This indicates that the stock is currently neutral.
What is the short term momentum for NEGG stock?
The short term momentum for NEWEGG COMMERCE INC (NEGG) is neutral.
What are the support and resistance levels for NEWEGG COMMERCE INC (NEGG) stock?
NEWEGG COMMERCE INC (NEGG) has a support level at 46.62 and a resistance level at 48.77. Check the full technical report for our detailed analysis of NEGG support and resistance levels.