NEWTEKONE INC (NEWT) Stock Technical Analysis
USA - NASDAQ:NEWT - US6525262035 - Common Stock
Overall NEWT gets a technical rating of 0 out of 10. NEWT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NEWT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.38, a Stop Loss order could be placed below this zone.
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10.13
When analyzing the support we notice one important area.
- A support zone ranging from 10.23 to 10.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 10.65 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.06 to 11.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.37 to 12.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.84 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for NEWT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEWT is down. |
| ChartMill Relative Strength | 15.39 | NEGATIVE | NEWT has a low relative strength, it was outperformed by 84.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEWT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEWT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEWT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.88 | NEUTRAL | The RSI value for NEWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.48 | NEUTRAL | The Stochastics value for NEWT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.17 | POSITIVE | The high ADX value value for NEWT suggests a strong trend. |
10.49
+0.15 (+1.45%)
NEWTEKONE INC / NEWT FAQ
Can you provide the ChartMill technical rating for NEWTEKONE INC?
ChartMill assigns a technical rating of 0 / 10 to NEWT.
What is the current trend direction of NEWTEKONE INC (NEWT) stock?
The current trend direction for NEWTEKONE INC (NEWT) is Bearish.
Can you provide the RSI signal for NEWTEKONE INC?
NEWTEKONE INC (NEWT) has an RSI value of 40.8786. This indicates that the stock is currently neutral.
What is the MACD signal for NEWT stock?
The MACD indicator for NEWTEKONE INC (NEWT) has a value of -0.00896537, indicating a bearish trend.
What is the support and resistance level for NEWT stock?
NEWTEKONE INC (NEWT) has a support level at 10.38 and a resistance level at 10.65. Check the full technical report for our detailed analysis of NEWT support and resistance levels.