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PUXIN LTD-ADR (NEW) Stock Technical Analysis

USA - NYSE:NEW - US74704P4054 - ADR

1.36
+0.08 (+6.25%)
Last: 5/3/2022, 8:22:04 PM
Technical Rating and Analysis

0

Taking everything into account, NEW scores 0 out of 10 in our technical rating. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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. 75% of 79 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. The S&P500 Index is trading in the upper part of its 52 week range, so NEW is lagging the market.
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.

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Weekly and Daily overview Charts
PUXIN LTD-ADR / NEW Weekly stock chart
PUXIN LTD-ADR / NEW Daily stock chart
Setup Rating and Analysis

5

NEW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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Support and Resistance Analysis

1.35

2.63

When analyzing the resistance we notice one important area.

  • Resistance @2.60 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for NEW is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for NEW is down.
ChartMill Relative Strength4.42NEGATIVENEW has a low relative strength, it was outperformed by 95.58% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of NEW is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of NEW is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NEW is below a declining SMA(200).
Relative Strength Index/RSI (14)40.13NEUTRALThe RSI value for NEW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests NEW has a negative trend, although the MACD value is rising.
Stochastics (14,3)26.17NEUTRALThe Stochastics value for NEW is a neutral value.
Average True Range in percent/ATR (20)14.7HIGH VOLATILITYThe high ATR as a percentage value for NEW suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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PUXIN LTD-ADR / NEW Daily stock chart

PUXIN LTD-ADR

NYSE:NEW (5/3/2022, 8:22:04 PM)

1.36

+0.08 (+6.25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryDiversified Consumer Services
Performance
% Chg6.25%
1 Week2.26%
2 Weeks-8.11%
1 Month-34.93%
3 Month-38.46%
6 Month-79.39%
12 Month-95.75%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%14.7%
ATR Inc-42.73%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.42
3 months CRSN/A
6 months CRSN/A
Mansfield-7.92
10 Day High1.7
10 Day Low1.13
20 Day High2.22
20 Day Low1.13
52 Week High32.1
52 Week Low1.13
CS1 EndN/A
CR1 Start2.6
Volume & EV
DER(3)2.95%
DER(5)2.8%
Volume45.50K
Volume Incr20.86%
Vol(5)130.26K
Vol(50)326.71K

PUXIN LTD-ADR / NEW FAQ

What is the technical rating for NEW stock?

ChartMill assigns a technical rating of 0 / 10 to NEW.


What is the trend direction for NEW stock?

The current trend direction for PUXIN LTD-ADR (NEW) is Bearish.


What is the RSI signal for PUXIN LTD-ADR (NEW) stock?

PUXIN LTD-ADR (NEW) has an RSI value of 40.1256. This indicates that the stock is currently neutral.


What is the short term momentum for NEW stock?

The short term momentum for PUXIN LTD-ADR (NEW) is negative.


Can you provide the support and resistance levels for PUXIN LTD-ADR?

PUXIN LTD-ADR (NEW) has a resistance level at 2.6. Check the full technical report for our detailed analysis of NEW support and resistance levels.