We assign a technical rating of 3 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.
- NEGG is one of the better performing stocks in the Specialty Retail industry, it outperforms 99% of 122 stocks in the same industry.
- In the last month NEGG has a been trading in the 41.01 - 57.93 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, NEGG did better than 99% of all other 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.
NEGG has a poor technical rating and the quality of the setup is also not perfect 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
43.82
When analyzing the support we can see 3 important areas.
- Support @48.95 from a horizontal line in the weekly time frame.
- Support @46.54 from a trend line in the daily time frame.
- Support @44.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- 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 @63.48 from a trend line in the daily time frame.
- Resistance @80.78 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 | NEUTRAL | NEUTRAL | The long term trend for NEGG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEGG is down. |
| ChartMill Relative Strength | 99.12 | POSITIVE | NEGG has a high relative strength, it outperformed 99.12% 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) | 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) | 49.59 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests NEGG has a positive trend. |
| Stochastics (14,3) | 57.84 | NEUTRAL | The Stochastics value for NEGG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for NEGG suggests a weak or negative trend. |
NASDAQ:NEGG (1/28/2026, 11:07:54 AM)
54.02
+0.33 (+0.61%)
NEWEGG COMMERCE INC / NEGG FAQ
What is the ChartMill technical rating of NEWEGG COMMERCE INC (NEGG) stock?
ChartMill assigns a technical rating of 3 / 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 49.5893. 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 negative.
What are the support and resistance levels for NEWEGG COMMERCE INC (NEGG) stock?
NEWEGG COMMERCE INC (NEGG) has a support level at 48.95 and a resistance level at 54.78. Check the full technical report for our detailed analysis of NEGG support and resistance levels.