NEWSMAX INC (NMAX) Technical Analysis
NYSE:NMAX • US65250K1051
Current stock price
NMAX Technical Rating and Analysis
Overall NMAX gets a technical rating of 6 out of 10. NMAX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, NMAX is a bad performer in the overall market: 87% of all stocks are doing better.
- NMAX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month NMAX has a been trading in the 5.11 - 11.20 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NMAX has an average volume of 1464450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NMAX is an average performer in the Media industry, it outperforms 41% of 90 stocks in the same industry.
- 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
NMAX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NMAX Support and Resistance Analysis
5.74
When analyzing the support we notice one important area.
- Support @5.80 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NMAX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMAX is up. |
| ChartMill Relative Strength | 13.72 | NEGATIVE | NMAX has a low relative strength, it was outperformed by 86.28% 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) | 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) | 80.21 | OVERBOUGHT | The high RSI value suggests NMAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests NMAX has a positive trend. |
| Stochastics (14,3) | 81.62 | OVERBOUGHT | The high Stochastics value suggests NMAX may be overbought. |
| Average True Range in percent/ATR (20) | 7.17 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.37 | POSITIVE | The high ADX value value for NMAX suggests a strong trend. |
NMAX Chart- and CandleStick Pattern Analysis
NMAX Technicals: Chart, Performance Metrics, Trend & Indicators
9.24
+1.96 (+26.92%)
NEWSMAX INC / NMAX TA FAQ
Can you provide the ChartMill technical rating for NEWSMAX INC?
ChartMill assigns a technical rating of 6 / 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 80.2085. This indicates that the stock is currently overbought.
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 support level at 5.8. Check the full technical report for our detailed analysis of NMAX support and resistance levels.