NEWTEKONE INC (NEWT) Stock Technical Analysis
NASDAQ:NEWT • US6525262035
We assign a technical rating of 5 out of 10 to NEWT. In the last year, NEWT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month NEWT has a been trading in the 12.54 - 14.32 range, which is quite wide. It is currently trading near the lows of this range.
- NEWT is part of the Financial Services industry. There are 98 other stocks in this industry. NEWT outperforms 85% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, NEWT did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
Although the technical rating is only medium, NEWT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEWT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.94
3 important support areas can be observed.
- A support zone ranging from 12.69 to 12.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.12 from a horizontal line in the daily time frame.
- Support @10.04 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @13.69 from a trend line in the daily time frame.
- Resistance @14.38 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.65 to 14.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for NEWT is down. |
| ChartMill Relative Strength | 70.89 | POSITIVE | NEWT has a high relative strength, it outperformed 70.89% 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) | UP | POSITIVE | The current price of NEWT is above the rising 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) | 46.45 | NEUTRAL | The RSI value for NEWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests NEWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.83 | NEUTRAL | The Stochastics value for NEWT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for NEWT suggests a possible start of a new trend. |
12.97
+0.07 (+0.54%)
NEWTEKONE INC / NEWT FAQ
Can you provide the ChartMill technical rating for NEWTEKONE INC?
ChartMill assigns a technical rating of 5 / 10 to NEWT.
Can you provide the trend direction for NEWTEKONE INC?
The current trend direction for NEWTEKONE INC (NEWT) is Bullish.
Can you provide the RSI signal for NEWTEKONE INC?
NEWTEKONE INC (NEWT) has an RSI value of 46.4519. This indicates that the stock is currently neutral.
What is the short term momentum for NEWTEKONE INC (NEWT) stock?
The short term momentum for NEWTEKONE INC (NEWT) is negative.
What is the buy/sell signal for NEWTEKONE INC (NEWT) stock?
The buy/sell signal for NEWTEKONE INC (NEWT) is hold as the short term and long term trends are mixed.