NEWTEKONE INC (NEWT) Technical Analysis
NASDAQ:NEWT • US6525262035
Current stock price
NEWT Technical Rating and Analysis
Overall NEWT gets a technical rating of 0 out of 10. NEWT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 70% of all other stocks performed better in the past year than NEWT.
- In the last month NEWT has a been trading in the 11.01 - 12.97 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 100 other stocks in this industry, NEWT did better than 60% of them.
- NEWT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NEWT is lagging the market slightly.
NEWT Weekly and Daily overview Charts
NEWT Setup Rating and Analysis
NEWT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.93. Right above this resistance zone may be a good entry point. 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
NEWT Support and Resistance Analysis
9.94
We found 1 important support area.
- A support zone ranging from 10.04 to 10.04. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.93 to 12.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 30.86 | NEUTRAL | NEWT is not amongst the best or worst performers 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) | UP | MIXED | The current price of NEWT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.55 | NEUTRAL | The RSI value for NEWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NEWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.39 | OVERSOLD | The low Stochastics value suggests NEWT may be oversold. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.94 | POSITIVE | The high ADX value value for NEWT suggests a strong trend. |
NEWT Chart- and CandleStick Pattern Analysis
NEWT Technicals: Chart, Performance Metrics, Trend & Indicators
11.22
+0.08 (+0.72%)
NEWTEKONE INC / NEWT TA FAQ
Can you provide the ChartMill technical rating for NEWTEKONE INC?
ChartMill assigns a technical rating of 0 / 10 to NEWT.
Can you provide the trend direction for NEWTEKONE INC?
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 34.5546. 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 sell as both the short term and long term trends are negative.