NEWMARKET CORP (NEU) Stock Technical Analysis
NYSE:NEU • US6515871076
Overall NEU gets a technical rating of 0 out of 10. NEU'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 73% of all other stocks performed better in the past year than NEU.
- NEU is part of the Chemicals industry. There are 83 other stocks in this industry, of which 71% are performing better than NEU.
- NEU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- NEU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEU is lagging the market.
Although the technical rating is bad, NEU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 592.79, a Stop Loss order could be placed below this zone.
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586.86
When analyzing the support we notice one important area.
- A support zone ranging from 592.79 to 592.79. 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 626.02 to 628.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 698.74 to 703.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @723.42 from a horizontal line in the daily 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 | 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 | 27.32 | NEGATIVE | NEU has a low relative strength, it was outperformed by 72.68% 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) | DOWN | NEGATIVE | The current price of NEU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.48 | NEUTRAL | The RSI value for NEU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests NEU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.55 | NEUTRAL | The Stochastics value for NEU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for NEU suggests some volalility. |
| Average Directional Index/ADX (14) | 28.29 | POSITIVE | The high ADX value value for NEU suggests a strong trend. |
626.01
-2.83 (-0.45%)
NEWMARKET CORP / NEU FAQ
What is the ChartMill technical rating of NEWMARKET CORP (NEU) stock?
ChartMill assigns a technical rating of 0 / 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 42.4758. This indicates that the stock is currently neutral.
What is the MACD signal for NEU stock?
The MACD indicator for NEWMARKET CORP (NEU) has a value of -0.335526, 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.