PUXIN LTD-ADR (NEW) Technical Analysis
NYSE:NEW • US74704P4054
Current stock price
NEW Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NEW. NEW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NEW is a bad performer in the overall market: 96% of all stocks are doing better.
- NEW is one of the lesser performing stocks in the Diversified Consumer Services industry. 77% of 73 stocks in the same industry do better.
- NEW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NEW has a been trading in the 1.13 - 2.22 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
NEW Weekly and Daily overview Charts
NEW Setup Rating and Analysis
Although the technical rating is bad, NEW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
NEW Support and Resistance Analysis
1.35
When analyzing the resistance we notice one important area.
- Resistance @2.60 from a horizontal line in the daily time frame.
NEW 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 NEW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEW is down. |
| ChartMill Relative Strength | 4.42 | NEGATIVE | NEW has a low relative strength, it was outperformed by 95.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.13 | NEUTRAL | The RSI value for NEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.17 | NEUTRAL | The Stochastics value for NEW is a neutral value. |
| Average True Range in percent/ATR (20) | 14.7 | HIGH VOLATILITY | The high ATR as a percentage value for NEW suggests high volalility. |
NEW Chart- and CandleStick Pattern Analysis
NEW Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:NEW (5/3/2022, 8:22:04 PM)
1.36
+0.08 (+6.25%)
PUXIN LTD-ADR / NEW TA FAQ
What is the technical rating for NEW stock?
ChartMill assigns a technical rating of 0 / 10 to NEW.
What is the current trend direction of PUXIN LTD-ADR (NEW) stock?
The current trend direction for PUXIN LTD-ADR (NEW) is Bearish.
Can you provide the RSI signal for PUXIN LTD-ADR?
PUXIN LTD-ADR (NEW) has an RSI value of 40.1256. This indicates that the stock is currently neutral.
What is the MACD signal for PUXIN LTD-ADR (NEW) stock?
The MACD indicator for PUXIN LTD-ADR (NEW) has a value of -0.00673138, indicating a bearish trend.
What is the short term momentum for NEW stock?
The short term momentum for PUXIN LTD-ADR (NEW) is negative.