NEWEGG COMMERCE INC (NEGG) Technical Analysis
NASDAQ:NEGG • VGG6483G2099
Current stock price
NEGG Technical Rating and Analysis
We assign a technical rating of 4 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.
- 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. The S&P500 Index however is trading in the upper part of its 52 week range, so NEGG is lagging the market.
- Looking at the yearly performance, NEGG did better than 99% of all other stocks. We also observe that the gains produced by NEGG over the past year are nicely spread over this period.
- NEGG is part of the Specialty Retail industry. There are 123 other stocks in this industry. NEGG outperforms 100% of them.
- In the last month NEGG has a been trading in the 31.29 - 48.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEGG Weekly and Daily overview Charts
NEGG Setup Rating and Analysis
NEGG has an average technical rating and the quality of the presented setup is also not ideal 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
34.52
We found 1 important support area.
- A support zone ranging from 34.87 to 35.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 40.59 to 41.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.35 from a trend line in the daily time frame.
- A resistance zone ranging from 45.39 to 45.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.58 from a horizontal line in the daily time frame.
- Resistance @73.19 from a trend line in the weekly time frame.
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 | 99.35 | POSITIVE | NEGG has a high relative strength, it outperformed 99.35% 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) | 44.83 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests NEGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.44 | NEUTRAL | The Stochastics value for NEGG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.68 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.02 | 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
38.03
-0.98 (-2.51%)
NEWEGG COMMERCE INC / NEGG TA FAQ
What is the ChartMill technical rating of NEWEGG COMMERCE INC (NEGG) stock?
ChartMill assigns a technical rating of 4 / 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 44.8295. 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 0.379664, 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.