NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
NASDAQ:NEGG - Nasdaq - VGG6483G2099 - Common Stock - Currency: USD
Overall NEGG gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
NEGG is part of the Specialty Retail industry. There are 122 other stocks in this industry. NEGG outperforms 88% 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 91% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
In the last month NEGG has a been trading in the 4.82 - 17.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NEGG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
5.97
14.05
We found 2 important support areas.
- Support @10.26 from a horizontal line in the daily time frame.
- Support @6.03 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.88 to 11.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.49 from a trend line in the daily time frame.
- Resistance @13.91 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 | 91.81 | POSITIVE | NEGG has a high relative strength, it outperformed 91.81% 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) | DOWN | MIXED | The current price of NEGG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.19 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NEGG has a positive trend. |
| Stochastics (14,3) | 48.1 | NEUTRAL | The Stochastics value for NEGG is a neutral value. |
| Average True Range in percent/ATR (20) | 16.62 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 45.03 | 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)
11.865
+1.61 (+15.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg15.64%
1 Week6.41%
2 Weeks-13.33%
1 Month113.59%
3 Month113.25%
6 Month33.49%
12 Month-34.65%
2 Year-49.29%
3 Year-83.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.45
ATR(20)%16.62%
ATR Inc-15.81%
Range Today2.34
ADR(20)1.95
ADR(20)%16.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.81
Mansfield0.23
10 Day High14.51
10 Day Low8.95
20 Day High17.45
20 Day Low4.82
52 Week High26.4
52 Week Low3.32
CS1 End10.26
CR1 Start11.88
Volume & EV
DER(3)-0.97%
DER(5)-0.39%
Volume965.40K
Volume Incr-57.49%
Vol(5)474.80K
Vol(50)579.76K