NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
USA - NASDAQ:NEGG - VGG6483G2099 - Common Stock
We assign a technical rating of 9 out of 10 to NEGG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEGG is showing a nice and steady performance.
Although NEGG has an excellent technical rating, it 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
46.56
We found 2 important support areas.
- Support @48.60 from a trend line in the daily time frame.
- Support @47.03 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @85.12 from a horizontal line in the weekly time frame.
- Resistance @87.13 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for NEGG is up. |
| ChartMill Relative Strength | 99.2 | POSITIVE | NEGG has a high relative strength, it outperformed 99.2% 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) | 67.45 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.95 | POSITIVE | The MACD value suggests NEGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.24 | OVERBOUGHT | The high Stochastics value suggests NEGG may be overbought. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.06 | POSITIVE | The high ADX value value for NEGG suggests a strong trend. |
85.11
-2.02 (-2.32%)
NEWEGG COMMERCE INC / NEGG FAQ
What is the ChartMill technical rating of NEWEGG COMMERCE INC (NEGG) stock?
ChartMill assigns a technical rating of 9 / 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 67.4473. 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 2.94984, indicating a bullish trend.
What are the support and resistance levels for NEWEGG COMMERCE INC (NEGG) stock?
NEWEGG COMMERCE INC (NEGG) has a support level at 48.6 and a resistance level at 85.12. Check the full technical report for our detailed analysis of NEGG support and resistance levels.