NEWSMAX INC (NMAX) Technical Analysis
NYSE:NMAX • US65250K1051
We assign a technical rating of 1 out of 10 to NMAX. NMAX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, NMAX is a bad performer in the overall market: 100% of all stocks are doing better.
- NMAX is one of the lesser performing stocks in the Media industry. 82% of 91 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- NMAX has an average volume of 1037580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NMAX has a been trading in the 5.18 - 6.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
5.85
We found 2 important support areas.
- A support zone ranging from 6.57 to 6.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.91 to 5.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.62 to 6.62. 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 NMAX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMAX is neutral. |
| 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) | UP | POSITIVE | The current price of NMAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for NMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests NMAX has a positive trend. |
| Stochastics (14,3) | 77.96 | NEUTRAL | The Stochastics value for NMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.63 | POSITIVE | The high ADX value value for NMAX suggests a strong trend. |
NMAX Technicals: Chart, Performance Metrics, Trend & Indicators
6.61
+0.14 (+2.16%)
NEWSMAX INC / NMAX FAQ
Can you provide the ChartMill technical rating for NEWSMAX INC?
ChartMill assigns a technical rating of 1 / 10 to NMAX.
What is the current trend direction of NEWSMAX INC (NMAX) stock?
The current trend direction for NEWSMAX INC (NMAX) is Bearish.
What is the RSI signal for NMAX stock?
NEWSMAX INC (NMAX) has an RSI value of 55.3388. This indicates that the stock is currently neutral.
What is the MACD signal for NEWSMAX INC (NMAX) stock?
The MACD indicator for NEWSMAX INC (NMAX) has a value of 0.175939, indicating a bearish trend.
What is the short term momentum for NMAX stock?
The short term momentum for NEWSMAX INC (NMAX) is neutral.