USA - NYSE:NMAX - US65250K1051 - Common Stock
We assign a technical rating of 0 out of 10 to NMAX. NMAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
9.02
3 important resistance areas can be observed.
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). |
| Relative Strength Index/RSI (14) | 27.81 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 11.15 | OVERSOLD | The low Stochastics value suggests NMAX may be oversold. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 39.94 | POSITIVE | The high ADX value value for NMAX suggests a strong trend. |
9.11
+0.26 (+2.94%)
ChartMill assigns a technical rating of 0 / 10 to NMAX.
The current trend direction for NEWSMAX INC (NMAX) is Bearish.
NEWSMAX INC (NMAX) has an RSI value of 27.8099. This indicates that the stock is currently oversold.
The short term momentum for NEWSMAX INC (NMAX) is negative.
NEWSMAX INC (NMAX) has a resistance level at 9.85. Check the full technical report for our detailed analysis of NMAX support and resistance levels.