NEWMARKET CORP (NEU) Technical Analysis
NYSE:NEU • US6515871076
Current stock price
NEU Technical Rating and Analysis
Overall NEU gets a technical rating of 2 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- NEU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NEU has a been trading in the 618.69 - 663.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, NEU turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- NEU is part of the Chemicals industry. There are 82 other stocks in this industry, NEU did better than 41% of them.
NEU Weekly and Daily overview Charts
NEU Setup Rating and Analysis
Although the technical rating is bad, NEU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
NEU Support and Resistance Analysis
578.80
When analyzing the support we notice one important area.
- A support zone ranging from 584.65 to 594.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 641.61 to 659.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NEU Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NEU is neutral. |
| ChartMill Relative Strength | 43.64 | NEUTRAL | NEU is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NEU is above 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) | 52.21 | NEUTRAL | The RSI value for NEU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NEU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.49 | NEUTRAL | The Stochastics value for NEU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for NEU suggests some volalility. |
| Average Directional Index/ADX (14) | 12.39 | NEGATIVE | The low ADX value for NEU suggests a weak or negative trend. |
NEU Chart- and CandleStick Pattern Analysis
NEU Technicals: Chart, Performance Metrics, Trend & Indicators
641.6
-0.47 (-0.07%)
NEWMARKET CORP / NEU TA FAQ
What is the ChartMill technical rating of NEWMARKET CORP (NEU) stock?
ChartMill assigns a technical rating of 2 / 10 to NEU.
What is the trend direction for NEU stock?
The current trend direction for NEWMARKET CORP (NEU) is Bearish.
What is the RSI signal for NEU stock?
NEWMARKET CORP (NEU) has an RSI value of 52.2072. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEWMARKET CORP?
The MACD indicator for NEWMARKET CORP (NEU) has a value of 0.169645, indicating a bearish trend.
Can you provide the support and resistance levels for NEWMARKET CORP?
NEWMARKET CORP (NEU) has a support level at 594.67 and a resistance level at 641.61. Check the full technical report for our detailed analysis of NEU support and resistance levels.