NEWSTAR FINANCIAL INC (NEWS) Technical Analysis
NASDAQ:NEWS • US65251F1057
Current stock price
NEWS Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to NEWS. Both in the recent history as in the last year, NEWS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that NEWS is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, NEWS also shows a nice and consistent pattern of rising prices.
- NEWS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEWS is lagging the market slightly.
- In the last month NEWS has a been trading in a tight range between 11.48 and 12.08.
- Volume is considerably higher in the last couple of days.
NEWS Weekly and Daily overview Charts
NEWS Setup Rating and Analysis
Although NEWS has an excellent technical rating, it does not present a decent entry opportunity 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
NEWS Support and Resistance Analysis
9.94
3 important support areas can be observed.
- A support zone ranging from 11.62 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.46 from a trend line in the weekly time frame.
- Support @10.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.32 to 12.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
NEWS 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 NEWS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEWS is neutral. |
| ChartMill Relative Strength | 79.2 | POSITIVE | NEWS has a high relative strength, it outperformed 79.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for NEWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NEWS has a positive trend. |
| Stochastics (14,3) | 51.89 | NEUTRAL | The Stochastics value for NEWS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for NEWS suggests low volalility. |
NEWS Chart- and CandleStick Pattern Analysis
NEWS Technicals: Chart, Performance Metrics, Trend & Indicators
11.98
+0.26 (+2.22%)
NEWSTAR FINANCIAL INC / NEWS TA FAQ
What is the ChartMill technical rating of NEWSTAR FINANCIAL INC (NEWS) stock?
ChartMill assigns a technical rating of 8 / 10 to NEWS.
What is the trend direction for NEWS stock?
The current trend direction for NEWSTAR FINANCIAL INC (NEWS) is Bullish.
Can you provide the RSI signal for NEWSTAR FINANCIAL INC?
NEWSTAR FINANCIAL INC (NEWS) has an RSI value of 59.7323. This indicates that the stock is currently neutral.
What are the support and resistance levels for NEWSTAR FINANCIAL INC (NEWS) stock?
NEWSTAR FINANCIAL INC (NEWS) has a support level at 11.95 and a resistance level at 12.32. Check the full technical report for our detailed analysis of NEWS support and resistance levels.