Newater Technology Inc (NEWA) Stock Technical Analysis
NASDAQ:NEWA - Nasdaq -
Taking everything into account, NEWA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NEWA is only an average performer.
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 part of the Machinery industry. There are 127 other stocks in this industry, NEWA did better than 52% of them.
NEWA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEWA is lagging the market.
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
2 important support areas can be observed.
- 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.
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 NEWA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWA is up. |
| ChartMill Relative Strength | 52.66 | NEUTRAL | NEWA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.5 | NEUTRAL | The RSI value for NEWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NEWA has a positive trend. |
| Stochastics (14,3) | 54.84 | NEUTRAL | The Stochastics value for NEWA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.67 | HIGH VOLATILITY | The high ATR as a percentage value for NEWA suggests high volalility. |
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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 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