NEWMARKET CORP (NEU) Stock Technical Analysis
USA - NYSE:NEU - US6515871076 - Common Stock
815.35 USD
+3.6 (+0.44%)
815.35 USD
0 (0%)
We assign a technical rating of 10 out of 10 to NEU. Both in the recent history as in the last year, NEU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NEU did better than 87% 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 92% of them.
NEU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEU is lagging the market slightly.
In the last month NEU has a been trading in the 797.14 - 854.75 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.
NEU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
692.85
857.44
3 important support areas can be observed.
- Support @811.74 from a horizontal line in the daily time frame.
- A support zone ranging from 759.73 to 772.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @699.85 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 824.29 to 848.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 87.11 | POSITIVE | NEU has a high relative strength, it outperformed 87.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEU is below 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) | 53.76 | NEUTRAL | The RSI value for NEU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.58 | NEGATIVE | The MACD value suggests NEU has a negative trend. |
| Stochastics (14,3) | 18.31 | OVERSOLD | The low Stochastics value suggests NEU may be oversold. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for NEU suggests low volalility. |
| Average Directional Index/ADX (14) | 33.36 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 827.18 | 811.73 | 15.45 (1.87%) | 25.00% |
| An entry @827.18. This is a Buy Stop order right above the 10 day moving average. | An exit @811.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 15.45 points, which is 1.87%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NEU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
815.35
+3.6 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.44%
1 Week-0.07%
2 Weeks-1.05%
1 Month1.87%
3 Month18.78%
6 Month47.66%
12 Month47.51%
2 Year79.18%
3 Year171.03%
5 Year138.18%
10 Year128.39%
15 Year617.23%
Volatility
ATR(14)15.98
ATR(20)%1.97%
ATR Inc-26.87%
Range Today11.44
ADR(20)15.9
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.11
Mansfield2.01
10 Day High854.75
10 Day Low803.62
20 Day High854.75
20 Day Low797.14
52 Week High854.75
52 Week Low480
CS1 End811.74
CR1 Start824.29
Volume & EV
DER(3)0.23%
DER(5)0.48%
Volume57.40K
Volume Incr-4.48%
Vol(5)97.06K
Vol(50)87.55K