New Relic Inc (NEWR) Technical Analysis
NYSE:NEWR • US64829B1008
Current stock price
NEWR Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NEWR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEWR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NEWR is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by NEWR over the past year are nicely spread over this period.
- NEWR is part of the Software industry. There are 272 other stocks in this industry. NEWR outperforms 94% of them.
- A new 52 week high is currently being made by NEWR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- NEWR has an average volume of 1415870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NEWR has a been trading in a tight range between 85.08 and 87.01.
- Volume is considerably higher in the last couple of days.
NEWR Weekly and Daily overview Charts
NEWR Setup Rating and Analysis
Besides having an excellent technical rating, NEWR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 87.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NEWR Support and Resistance Analysis
73.09
2 important support areas can be observed.
- A support zone ranging from 83.80 to 86.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.00 to 87.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
NEWR 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 NEWR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWR is up. |
| ChartMill Relative Strength | 92.78 | POSITIVE | NEWR has a high relative strength, it outperformed 92.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.81 | OVERBOUGHT | The high RSI value suggests NEWR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NEWR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.06 | OVERBOUGHT | The high Stochastics value suggests NEWR may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for NEWR suggests low volalility. |
| Average Directional Index/ADX (14) | 30.86 | POSITIVE | The high ADX value value for NEWR suggests a strong trend. |
NEWR Chart- and CandleStick Pattern Analysis
NEWR 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 |
|---|---|---|---|
| 87.01 | 86.26 | 0.75 (0.86%) | 25.00% |
| An entry @87.01. This is a Buy Stop order right above the resistance zone. | An exit @86.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.75 points, which is 0.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
NEWR Technicals: Chart, Performance Metrics, Trend & Indicators
86.99
+0.02 (+0.02%)
New Relic Inc / NEWR TA FAQ
What is the technical rating for NEWR stock?
ChartMill assigns a technical rating of 9 / 10 to NEWR.
What is the current trend direction of New Relic Inc (NEWR) stock?
The current trend direction for New Relic Inc (NEWR) is Bullish.
What is the RSI signal for New Relic Inc (NEWR) stock?
New Relic Inc (NEWR) has an RSI value of 74.8103. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for New Relic Inc?
The buy/sell signal for New Relic Inc (NEWR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for NEWR stock?
New Relic Inc (NEWR) has a support level at 86.71 and a resistance level at 87. Check the full technical report for our detailed analysis of NEWR support and resistance levels.