Net Element Inc (NETE) Stock Technical Analysis
NASDAQ:NETE - Nasdaq -
We assign a technical rating of 8 out of 10 to NETE. NETE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NETE is one of the better performing stocks in the Software industry, it outperforms 81% of 283 stocks in the same industry.
In the last month NETE has a been trading in the 6.95 - 14.95 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NETE did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NETE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NETE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NETE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.95
13.23
We found 1 important support area.
- A support zone ranging from 13.08 to 13.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.09 to 13.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.9
Mansfield0.25
10 Day High14.95
10 Day Low6.95
20 Day High14.95
20 Day Low6.95
52 Week High19.15
52 Week Low5.72
Performance
1 Week55.46%
2 Weeks75.47%
1 Month65.91%
3 Month11.98%
6 Month33.71%
12 Month109.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.64
RSI(14)80.61
LBB5.14
UBB12.49
13.09
+1.04 (+8.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg8.63%
1 Week55.46%
2 Weeks75.47%
1 Month65.91%
3 Month11.98%
6 Month33.71%
12 Month109.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%6.63%
ATR Inc180.49%
Range Today3.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.9
Mansfield0.25
10 Day High14.95
10 Day Low6.95
20 Day High14.95
20 Day Low6.95
52 Week High19.15
52 Week Low5.72
CS1 End13.08
CR1 Start13.09
Volume & EV
DER(3)7.1%
DER(5)6.73%
Volume4.07M
Volume Incr1553.12%
Vol(5)2.10M
Vol(50)621.94K