NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
NASDAQ:NEGG - Nasdaq - VGG6483G2099 - Common Stock - Currency: USD
Taking everything into account, NEGG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NEGG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
NEGG is one of the better performing stocks in the Specialty Retail industry, it outperforms 99% of 123 stocks in the same industry.
A new 52 week high is currently being made by NEGG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NEGG has a been trading in the 25.49 - 85.99 range, which is quite wide. It is currently trading near the high of this range.
NEGG has an average volume of 1176170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NEGG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
78.99
80.59
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 | UP | POSITIVE | The short term trend for NEGG is up. |
| ChartMill Relative Strength | 99.91 | POSITIVE | NEGG has a high relative strength, it outperformed 99.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEGG is above 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) | 73.62 | OVERBOUGHT | The high RSI value suggests NEGG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.44 | POSITIVE | The MACD value suggests NEGG has a positive trend. |
| Stochastics (14,3) | 80.88 | OVERBOUGHT | The high Stochastics value suggests NEGG may be overbought. |
| Average True Range in percent/ATR (20) | 14.12 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 72.33 | 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)
79.79
+20.35 (+34.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg34.24%
1 Week49.06%
2 Weeks132.56%
1 Month62.04%
3 Month1892.26%
6 Month800.77%
12 Month388.73%
2 Year266.01%
3 Year8.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.43
ATR(20)%14.12%
ATR Inc56.06%
Range Today25.99
ADR(20)10.65
ADR(20)%13.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.91
Mansfield43.99
10 Day High85.99
10 Day Low33.6
20 Day High85.99
20 Day Low25.49
52 Week High85.99
52 Week Low3.32
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1.08%
DER(5)0.78%
Volume1.76M
Volume Incr-14.82%
Vol(5)1.11M
Vol(50)1.18M