NMAX Technical Analysis - NEWSMAX INC

Technical Rating and Analysis

Overall NMAX gets a technical rating of 2 out of 10. NMAX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

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 part of the Media industry. There are 99 other stocks in this industry, of which 82% are performing better than NMAX.

In the last month NMAX has a been trading in the 11.80 - 15.94 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.64

16.04

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 13.66 to 13.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @15.88 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for NMAX is up.
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)	UP	MIXED	The current price of NMAX is below the rising 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)	42.89	NEUTRAL	The RSI value for NMAX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests NMAX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	8.29	OVERSOLD	The low Stochastics value suggests NMAX may be oversold.
Average True Range in percent/ATR (20)	6.69	HIGH VOLATILITY	The high ATR as a percentage value for NMAX suggests high volalility.
Average Directional Index/ADX (14)	20.17	NEUTRAL	The ADX value for NMAX suggests a possible start of a new trend.