NEWEGG COMMERCE INC (NEGG) Stock Technical Analysis
NASDAQ:NEGG - Nasdaq - VGG6483G2099 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NEGG. NEGG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
96% of all other stocks performed better in the past year than NEGG.
NEGG is one of the lesser performing stocks in the Specialty Retail industry. 90% of 120 stocks in the same industry do better.
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.
In the last month NEGG has a been trading in the 3.40 - 8.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEGG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.77
7.75
2 important support areas can be observed.
- A support zone ranging from 5.36 to 5.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.82 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.08 from a horizontal line in the daily time frame.
- Resistance @7.31 from a trend line in the daily time frame.
- Resistance @7.67 from a trend 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 | DOWN | NEGATIVE | The long term trend for NEGG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEGG is neutral. |
| ChartMill Relative Strength | 4.1 | NEGATIVE | NEGG has a low relative strength, it was outperformed by 95.9% 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 | MIXED | The current price of NEGG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.26 | NEUTRAL | The RSI value for NEGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NEGG has a negative trend. |
| Stochastics (14,3) | 25.13 | NEUTRAL | The Stochastics value for NEGG is a neutral value. |
| Average True Range in percent/ATR (20) | 17.23 | HIGH VOLATILITY | The high ATR as a percentage value for NEGG suggests high volalility. |
| Average Directional Index/ADX (14) | 29.98 | 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)
NASDAQ:NEGG (6/3/2025, 3:10:02 PM)
6.05
+0.71 (+13.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg13.3%
1 Week-3.78%
2 Weeks-13.79%
1 Month49.72%
3 Month-32.72%
6 Month-56.83%
12 Month-70.62%
2 Year-77.16%
3 Year-92.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%17.23%
ATR Inc-12.67%
Range Today0.95
ADR(20)0.9
ADR(20)%14.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.1
Mansfield-5.43
10 Day High6.63
10 Day Low4.7
20 Day High8.85
20 Day Low3.4
52 Week High26.4
52 Week Low3.32
CS1 End4.83
CR1 Start5.36
Volume & EV
DER(3)2.21%
DER(5)10.31%
Volume228.96K
Volume Incr25.29%
Vol(5)318.80K
Vol(50)283.05K