NEWSMAX INC (NMAX) Technical Analysis
NYSE:NMAX • US65250K1051
Current stock price
NMAX Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to NMAX. Recently some decent action could be observed, but in the medium term time frame this is still negative. NMAX was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, NMAX is a bad performer in the overall market: 94% of all stocks are doing better.
- NMAX is one of the lesser performing stocks in the Media industry. 73% of 90 stocks in the same industry do better.
- NMAX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NMAX has a been trading in the 5.11 - 7.11 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NMAX Weekly and Daily overview Charts
NMAX Setup Rating and Analysis
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
NMAX Support and Resistance Analysis
6.78
We can see 2 important resistance areas.
- Resistance @7.48 from a trend line in the daily time frame.
- A resistance zone ranging from 7.64 to 7.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
NMAX Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for NMAX is up. |
| ChartMill Relative Strength | 6.05 | NEGATIVE | NMAX has a low relative strength, it was outperformed by 93.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NMAX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMAX is above the rising 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) | 60.44 | NEUTRAL | The RSI value for NMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NMAX has a positive trend. |
| Stochastics (14,3) | 79.37 | NEUTRAL | The Stochastics value for NMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for NMAX suggests a weak or negative trend. |
NMAX Chart- and CandleStick Pattern Analysis
NMAX Technicals: Chart, Performance Metrics, Trend & Indicators
6.85
+0.13 (+1.93%)
NEWSMAX INC / NMAX TA FAQ
Can you provide the ChartMill technical rating for NEWSMAX INC?
ChartMill assigns a technical rating of 2 / 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 NEWSMAX INC (NMAX) stock?
NEWSMAX INC (NMAX) has an RSI value of 60.4441. This indicates that the stock is currently neutral.
What is the short term momentum for NEWSMAX INC (NMAX) stock?
The short term momentum for NEWSMAX INC (NMAX) is positive.
What is the support and resistance level for NMAX stock?
NEWSMAX INC (NMAX) has a resistance level at 7.48. Check the full technical report for our detailed analysis of NMAX support and resistance levels.