NEWTEKONE INC (NEWT) Technical Analysis
NASDAQ:NEWT • US6525262035
Current stock price
NEWT Technical Rating and Analysis
Taking everything into account, NEWT scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NEWT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month NEWT has a been trading in the 10.40 - 13.45 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, NEWT turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- NEWT is part of the Financial Services industry. There are 99 other stocks in this industry, NEWT did better than 59% of them.
- NEWT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEWT is lagging the market.
NEWT Weekly and Daily overview Charts
NEWT Setup Rating and Analysis
NEWT has an average technical rating and it also does not offer a high quality setup 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
NEWT Support and Resistance Analysis
9.94
3 important support areas can be observed.
- A support zone ranging from 12.54 to 12.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.62 from a trend line in the daily time frame.
- Support @10.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.11 to 13.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.38 from a horizontal line in the weekly time frame.
NEWT 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 NEWT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWT is up. |
| ChartMill Relative Strength | 46.87 | NEUTRAL | NEWT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEWT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for NEWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NEWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.31 | OVERBOUGHT | The high Stochastics value suggests NEWT may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for NEWT suggests a possible start of a new trend. |
NEWT Chart- and CandleStick Pattern Analysis
NEWT Technicals: Chart, Performance Metrics, Trend & Indicators
12.63
-0.5 (-3.81%)
NEWTEKONE INC / NEWT TA FAQ
Can you provide the ChartMill technical rating for NEWTEKONE INC?
ChartMill assigns a technical rating of 6 / 10 to NEWT.
Can you provide the trend direction for NEWTEKONE INC?
The current trend direction for NEWTEKONE INC (NEWT) is Bullish.
What is the RSI signal for NEWT stock?
NEWTEKONE INC (NEWT) has an RSI value of 58.2207. 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 0.185438, indicating a bearish trend.
Can you provide the short term momentum for NEWTEKONE INC?
The short term momentum for NEWTEKONE INC (NEWT) is positive.