New Relic Inc (NEWR)

US64829B1008 - Common Stock

86.99  +0.02 (+0.02%)

After market: 87 +0.01 (+0.01%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to NEWR. Both in the recent history as in the last year, NEWR has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
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 one of the better performing stocks in the Software industry, it outperforms 85% of 275 stocks in the same industry.
NEWR is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NEWR is leading the market.
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.
Weekly and Daily overview Charts
NEWR Weekly chart
NEWR Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, NEWR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

73.09

87.87

When analyzing the support we can see 2 important areas.

  • 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.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield1.52
10 Day High87.01
10 Day Low86.27
20 Day High87.01
20 Day Low85.08
52 Week High87.01
52 Week Low50.3
Performance
1 Week0.37%
2 Weeks0.75%
1 Month1.29%
3 Month3.76%
6 Month16.67%
12 Month47.29%
2 Year-21.51%
3 Year45.64%
5 Year-0.23%
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)0.03
RSI(14)74.81
LBB85.68
UBB87.33
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.

ENTRYEXITDISTANCECAPITAL
87.0186.260.75 (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%.For a 0.22% total portfolio risk, you can invest 25.00% 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.
NEWR Daily chart

New Relic Inc

NYSE:NEWR (11/7/2023, 7:12:48 PM)

After market: 87 +0.01 (+0.01%)

86.99

+0.02 (+0.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week0.37%
2 Weeks0.75%
1 Month1.29%
3 Month3.76%
6 Month16.67%
12 Month47.29%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.27
ATR(20)%0.33%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High87.01
10 Day Low86.27
20 Day High87.01
20 Day Low85.08
52 Week High87.01
52 Week Low50.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.22M
Volume Incr106.3%
Vol(5)2.59M
Vol(50)1.42M