NEWTEKONE INC - NEWT 8 09/01/28 (NEWTI) Stock Technical Analysis
NASDAQ:NEWTI - Nasdaq - US6525268073 - Currency: USD
We assign a technical rating of 1 out of 10 to NEWTI. NEWTI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, NEWTI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.91, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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23.75
When analyzing the support we notice one important area.
- A support zone ranging from 23.99 to 24.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.93 to 25.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.16 to 26.16. 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 | DOWN | NEGATIVE | The long term trend for NEWTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEWTI is down. |
| ChartMill Relative Strength | 40.25 | NEUTRAL | NEWTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEWTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEWTI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEWTI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.49 | NEUTRAL | The RSI value for NEWTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NEWTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.38 | NEUTRAL | The Stochastics value for NEWTI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for NEWTI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.61 | NEGATIVE | The low ADX value for NEWTI suggests a weak or negative trend. |
NEWTEKONE INC - NEWT 8 09/01/28
NASDAQ:NEWTI (6/18/2025, 8:12:29 PM)
24.9247
-0.05 (-0.19%)