Newater Technology Inc (NEWA) Stock Technical Analysis
NASDAQ:NEWA - Nasdaq -
Overall NEWA gets a technical rating of 8 out of 10. Although NEWA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NEWA has a been trading in the 3.11 - 5.39 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, NEWA outperforms 52% of them, which is more or less in line with the market.
NEWA is an average performer in the Machinery industry, it outperforms 57% of 128 stocks in the same industry.
NEWA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NEWA is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NEWA has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.14
4.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.49 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.17 to 3.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.66
Mansfield0.15
10 Day High5.39
10 Day Low3.15
20 Day High5.39
20 Day Low3.11
52 Week High5.53
52 Week Low3
Performance
1 Week20.87%
2 Weeks29.1%
1 Month20.17%
3 Month24.11%
6 Month20.17%
12 Month8.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)69.5
LBB3.04
UBB4.03
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 |
|---|---|---|---|
| 5.40 | 3.48 | 1.92 (35.56%) | 2.81% |
| An entry @5.40. This is a Buy Stop order right above the 10 day high. | An exit @3.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.92 points, which is 35.56%. | For a 1.00% total portfolio risk, you can invest 2.81% of your capital in this trade. |
- 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.
4.17
+0.41 (+10.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg10.92%
1 Week20.87%
2 Weeks29.1%
1 Month20.17%
3 Month24.11%
6 Month20.17%
12 Month8.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%7.67%
ATR Inc254.43%
Range Today1.69
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
CRS52.66
Mansfield0.15
10 Day High5.39
10 Day Low3.15
20 Day High5.39
20 Day Low3.11
52 Week High5.53
52 Week Low3
CS1 End3.58
CR1 StartN/A
Volume & EV
DER(3)1.98%
DER(5)12.68%
Volume14.51M
Volume Incr3074.2%
Vol(5)3.26M
Vol(50)394.03K