NEM Technical Analysis - NEMETSCHEK SE

Technical Rating and Analysis

Taking everything into account, NEM scores 0 out of 10 in our technical rating. NEM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

87% of all other stocks performed better in the past year than NEM.

NEM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month NEM has a been trading in the 102.00 - 113.70 range, which is quite wide. It is currently trading near the lows of this range.

NEM is part of the Software industry. There are 111 other stocks in this industry, NEM did better than 55% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of NEM is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

102.55

125.04

We found 1 important support area.

A support zone ranging from 103.59 to 103.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 111.10 to 111.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @123.80 from a horizontal line in the daily time frame.

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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 NEM.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NEM.DE is down.
ChartMill Relative Strength	13.13	NEGATIVE	NEM.DE has a low relative strength, it was outperformed by 86.87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NEM.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NEM.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of NEM.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	32.15	NEUTRAL	The RSI value for NEM.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests NEM.DE has a negative trend.
Stochastics (14,3)	10.92	OVERSOLD	The low Stochastics value suggests NEM.DE may be oversold.
Average True Range in percent/ATR (20)	2.45	MEDIUM VOLATILITY	The ATR as a percentage value for NEM.DE suggests some volalility.
Average Directional Index/ADX (14)	24.86	NEUTRAL	The ADX value for NEM.DE suggests a possible start of a new trend.