NEWMARKET CORP (NEU) Stock Technical Analysis
NYSE:NEU - US6515871076 - Common Stock
826.96 USD
+2.62 (+0.32%)
826.96 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NEU did better than 88% of all other stocks. We also observe that the gains produced by NEU over the past year are nicely spread over this period.
NEU is part of the Chemicals industry. There are 83 other stocks in this industry. NEU outperforms 90% of them.
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 698.64 - 829.25 range, which is quite wide. It is currently trading near the high of this range.
Although NEU has an excellent technical rating, it does not offer a high 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.
More info and screens
496.39
835.23
3 important support areas can be observed.
- A support zone ranging from 766.20 to 772.59. 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 726.37 to 734.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @501.40 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 | 88.29 | POSITIVE | NEU has a high relative strength, it outperformed 88.29% 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) | 81.97 | OVERBOUGHT | The high RSI value suggests NEU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.42 | POSITIVE | The MACD value suggests NEU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.91 | OVERBOUGHT | The high Stochastics value suggests NEU may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for NEU suggests low volalility. |
| Average Directional Index/ADX (14) | 38.08 | 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)
826.96
+2.62 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.32%
1 Week3.8%
2 Weeks7.93%
1 Month18.16%
3 Month28.4%
6 Month45.05%
12 Month44.13%
2 Year76.08%
3 Year187.93%
5 Year122.01%
10 Year115.78%
15 Year722.6%
Volatility
ATR(14)12.91
ATR(20)%1.63%
ATR Inc0.43%
Range Today15.4
ADR(20)13.07
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield2.79
10 Day High829.25
10 Day Low764.7
20 Day High829.25
20 Day Low698.64
52 Week High829.25
52 Week Low480
CS1 End772.59
CR1 StartN/A
Volume & EV
DER(3)1.21%
DER(5)0.62%
Volume125.70K
Volume Incr52.56%
Vol(5)129.96K
Vol(50)113.22K