NEWTEKONE INC (NEWT) Stock Technical Analysis
NASDAQ:NEWT - US6525262035 - Common Stock
Taking everything into account, NEWT scores 8 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.
NEWT has an excellent technical rating and also presents 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 12.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.64
We found 3 important support areas.
- A support zone ranging from 11.71 to 12.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.12 to 11.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.41 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.70 from a trend line in the weekly 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 | 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 | 67.04 | 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) | UP | POSITIVE | The current price of NEWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NEWT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.55 | NEUTRAL | The RSI value for NEWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.19 | NEUTRAL | The Stochastics value for NEWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for NEWT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.53 | 11.76 | 0.77 (6.15%) | 16.27% |
| An entry @12.53. This is a Buy Stop order right above the resistance zone. | An exit @11.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.77 points, which is 6.15%. | When investing 16.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.25
-0.12 (-0.97%)