NEWMARKET CORP (NEU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NEU - US6515871076 - Common Stock
Overall NEU gets a technical rating of 1 out of 10. NEU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
NEU has a poor technical rating and the quality of the setup is also not perfect 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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680.38
We found 1 important support area.
- A support zone ranging from 687.25 to 687.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 745.10 to 750.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @766.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 784.22 to 786.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NEU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEU is down. |
| ChartMill Relative Strength | 71.03 | POSITIVE | NEU has a high relative strength, it outperformed 71.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NEU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.94 | OVERSOLD | The low RSI value suggests NEU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.78 | NEGATIVE | The MACD value suggests NEU has a negative trend. |
| Stochastics (14,3) | 5.89 | OVERSOLD | The low Stochastics value suggests NEU may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NEU suggests some volalility. |
| Average Directional Index/ADX (14) | 29.56 | POSITIVE | The high ADX value value for NEU suggests a strong trend. |
687.26
-10.69 (-1.53%)
NEWMARKET CORP / NEU FAQ
What is the ChartMill technical rating of NEWMARKET CORP (NEU) stock?
ChartMill assigns a technical rating of 1 / 10 to NEU.
What is the trend direction for NEU stock?
The current trend direction for NEWMARKET CORP (NEU) is Bearish.
Can you provide the RSI signal for NEWMARKET CORP?
NEWMARKET CORP (NEU) has an RSI value of 28.9404. This indicates that the stock is currently oversold.
What is the MACD signal for NEU stock?
The MACD indicator for NEWMARKET CORP (NEU) has a value of -3.77519, indicating a bearish trend.
What is the short term momentum for NEWMARKET CORP (NEU) stock?
The short term momentum for NEWMARKET CORP (NEU) is negative.