NEWMARKET CORP (NEU) Stock Technical Analysis
NYSE:NEU - New York Stock Exchange, Inc. - US6515871076 - Common Stock - Currency: USD
Taking everything into account, NEU scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NEU is one of the better performing stocks in the market, outperforming 87% of all stocks.
NEU is one of the better performing stocks in the Chemicals industry, it outperforms 83% of 85 stocks in the same industry.
A new 52 week high is currently being made by NEU, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NEU has a been trading in the 622.60 - 737.28 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NEU 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
491.95
744.65
When analyzing the support we can see 6 important areas.
- A support zone ranging from 661.65 to 669.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 640.42 to 646.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 630.04 to 630.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @566.18 from a trend line in the daily time frame.
- Support @522.66 from a horizontal line in the daily time frame.
- Support @496.92 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 | UP | POSITIVE | The long term trend for NEU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEU is up. |
| ChartMill Relative Strength | 87.79 | POSITIVE | NEU has a high relative strength, it outperformed 87.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.14 | OVERBOUGHT | The high RSI value suggests NEU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.3 | POSITIVE | The MACD value suggests NEU has a positive trend. |
| Stochastics (14,3) | 99.37 | OVERBOUGHT | The high Stochastics value suggests NEU may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NEU suggests some volalility. |
| Average Directional Index/ADX (14) | 40.71 | POSITIVE | The high ADX value value for NEU 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)
737.28
+17.18 (+2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.39%
1 Week8.29%
2 Weeks13.64%
1 Month17.02%
3 Month35.16%
6 Month45.47%
12 Month44.83%
2 Year63.22%
3 Year137.22%
5 Year96.71%
10 Year85.38%
15 Year587.83%
Volatility
ATR(14)15.43
ATR(20)%2.07%
ATR Inc21.75%
Range Today19.83
ADR(20)14.95
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.79
Mansfield2.08
10 Day High737.28
10 Day Low643.96
20 Day High737.28
20 Day Low622.6
52 Week High737.28
52 Week Low480
CS1 End669.73
CR1 StartN/A
Volume & EV
DER(3)2.41%
DER(5)1.74%
Volume116.70K
Volume Incr-14.21%
Vol(5)172.54K
Vol(50)116.80K