NEWSMAX INC (NMAX) Stock Technical Analysis
NYSE:NMAX - New York Stock Exchange, Inc. - US65250K1051 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to NMAX. NMAX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than NMAX.
NMAX is one of the lesser performing stocks in the Media industry. 88% of 97 stocks in the same industry do better.
NMAX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
NMAX has an average volume of 1766930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
The technical rating of NMAX is bad and it also does not present a quality setup 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.
More info and screens
12.76
13.38
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.25 to 13.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 NMAX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMAX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NMAX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMAX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 22.26 | OVERSOLD | The low RSI value suggests NMAX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests NMAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.26 | OVERSOLD | The low Stochastics value suggests NMAX may be oversold. |
| Average True Range in percent/ATR (20) | 11.18 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 51.9 | POSITIVE | The high ADX value value for NMAX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.89
-0.35 (-2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-2.64%
1 Week3.78%
2 Weeks-23.23%
1 Month-45.31%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%11.18%
ATR Inc-37.28%
Range Today0.96
ADR(20)1.27
ADR(20)%9.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High16.65
10 Day Low11.82
20 Day High23.29
20 Day Low11.82
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start13.25
Volume & EV
DER(3)1.35%
DER(5)0.37%
Volume914.48K
Volume Incr-19.4%
Vol(5)1.39M
Vol(50)1.77M