Overall NEWT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NEWT is a bad performer.
Although NEWT has an excellent technical rating, it does not present a decent entry opportunity 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.
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9.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.81 to 11.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.12 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.04 from a horizontal line in the weekly time frame.
- Support @9.82 from a horizontal line in the daily time frame.
- Support @9.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.49 to 12.54. 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 | UP | POSITIVE | The short term trend for NEWT is up. |
| ChartMill Relative Strength | 33.63 | 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) | UP | POSITIVE | The current price of NEWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.32 | OVERBOUGHT | The high RSI value suggests NEWT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NEWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.71 | OVERBOUGHT | The high Stochastics value suggests NEWT may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NEWT suggests some volalility. |
| Average Directional Index/ADX (14) | 40.81 | POSITIVE | The high ADX value value for NEWT suggests a strong trend. |
12.23
+0.01 (+0.08%)
NEWTEKONE INC / NEWT FAQ
Can you provide the ChartMill technical rating for NEWTEKONE INC?
ChartMill assigns a technical rating of 7 / 10 to NEWT.
What is the current trend direction of NEWTEKONE INC (NEWT) stock?
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 75.3172. This indicates that the stock is currently overbought.
What is the MACD signal for NEWT stock?
The MACD indicator for NEWTEKONE INC (NEWT) has a value of 0.106515, indicating a bearish trend.
What is the support and resistance level for NEWT stock?
NEWTEKONE INC (NEWT) has a support level at 11.86 and a resistance level at 12.49. Check the full technical report for our detailed analysis of NEWT support and resistance levels.