NEWSMAX INC (NMAX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NMAX • US65250K1051
Overall NMAX gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than NMAX.
- NMAX is part of the Media industry. There are 91 other stocks in this industry, of which 81% are performing better than NMAX.
- In the last month NMAX has a been trading in the 5.88 - 8.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NMAX has an average volume of 1040100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
6.05
We can see 3 important resistance areas.
- Resistance @6.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.20 to 7.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.60 from a trend line in the daily time frame.
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 | 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). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.2 | OVERSOLD | The low RSI value suggests NMAX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NMAX has a negative trend. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests NMAX may be oversold. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.54 | POSITIVE | The high ADX value value for NMAX suggests a strong trend. |
6.11
+0.04 (+0.66%)
NEWSMAX INC / NMAX FAQ
Can you provide the ChartMill technical rating for NEWSMAX INC?
ChartMill assigns a technical rating of 0 / 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 26.1979. This indicates that the stock is currently oversold.
What is the MACD signal for NEWSMAX INC (NMAX) stock?
The MACD indicator for NEWSMAX INC (NMAX) has a value of -0.0956486, indicating a bearish trend.
What is the short term momentum for NMAX stock?
The short term momentum for NEWSMAX INC (NMAX) is negative.