NASDAQ:NEWT - Nasdaq - US6525262035 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to NEWT. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEWT was also a bad performer in the overall market in the last year.
NEWT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.31, a Stop Loss order could be placed below this zone.
10.27
We found 4 important support areas.
When analyzing the resistance we notice 4 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for NEWT is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWT is up. |
ChartMill Relative Strength | 20.98 | NEGATIVE | NEWT has a low relative strength, it was outperformed by 79.02% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEWT is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWT is above the rising 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) | 51.73 | NEUTRAL | The RSI value for NEWT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NEWT has a negative trend. |
Stochastics (14,3) | 32.17 | NEUTRAL | The Stochastics value for NEWT is a neutral value. |
Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
Average Directional Index/ADX (14) | 17.36 | NEGATIVE | The low ADX value for NEWT suggests a weak or negative trend. |
11.41
-0.02 (-0.17%)