Newater Technology Inc (NEWA) Technical Analysis
NASDAQ:NEWA
Current stock price
NEWA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to NEWA. 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.
- The long and short term trends are both positive. This is looking good!
- 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 131 other stocks in this industry, NEWA did better than 47% of them.
- 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 Weekly and Daily overview Charts
NEWA Setup Rating and Analysis
Although NEWA has an excellent technical rating, the quality of the presented setup is not ideal 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
NEWA Support and Resistance Analysis
3.14
We found 2 important support 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.
NEWA 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 | 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. |
NEWA Chart- and CandleStick Pattern Analysis
NEWA Example Setup
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.
NEWA Technicals: Chart, Performance Metrics, Trend & Indicators
4.17
+0.41 (+10.92%)
Newater Technology Inc / NEWA TA FAQ
What is the ChartMill technical rating of Newater Technology Inc (NEWA) stock?
ChartMill assigns a technical rating of 8 / 10 to NEWA.
What is the current trend direction of Newater Technology Inc (NEWA) stock?
The current trend direction for Newater Technology Inc (NEWA) is Bullish.
What is the RSI signal for Newater Technology Inc (NEWA) stock?
Newater Technology Inc (NEWA) has an RSI value of 69.5017. This indicates that the stock is currently neutral.
What is the MACD signal for Newater Technology Inc (NEWA) stock?
The MACD indicator for Newater Technology Inc (NEWA) has a value of 0.0675017, indicating a bearish trend.
Can you provide the buy/sell signal for Newater Technology Inc?
The buy/sell signal for Newater Technology Inc (NEWA) is buy as both the short term and long term trends are positive.