NEGG Technical Analysis - NEWEGG COMMERCE INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to NEGG. In the last year, NEGG was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

NEGG is part of the Specialty Retail industry. There are 120 other stocks in this industry. NEGG outperforms 99% of them.

NEGG has an average volume of 1678230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that NEGG is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 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.

In the last month NEGG has a been trading in the 39.70 - 58.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

NEWEGG COMMERCE INC / NEGG Weekly stock chart

NEWEGG COMMERCE INC / NEGG Daily stock chart

Setup Rating and Analysis

NEGG has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

39.57

47.08

We found 3 important support areas.

Support @43.43 from a trend line in the daily time frame.
Support @41.92 from a horizontal line in the weekly time frame.
Support @39.97 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 46.35 to 46.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for NEGG is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NEGG is neutral.
ChartMill Relative Strength	97.95	POSITIVE	NEGG has a high relative strength, it outperformed 97.95% 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	POSITIVE	The current price of NEGG is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.86	NEUTRAL	The RSI value for NEGG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.61	POSITIVE	The MACD value suggests NEGG has a positive trend, although the MACD value is declining.
Stochastics (14,3)	54.47	NEUTRAL	The Stochastics value for NEGG is a neutral value.
Average True Range in percent/ATR (20)	11.6	HIGH VOLATILITY	The high ATR as a percentage value for NEGG suggests high volalility.
Average Directional Index/ADX (14)	14.2	NEGATIVE	The low ADX value for NEGG suggests a weak or negative trend.