NEWSMAX INC (NMAX) Technical Analysis
NYSE:NMAX • US65250K1051
Current stock price
NMAX Technical Rating and Analysis
Taking everything into account, NMAX scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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 92 other stocks in this industry, of which 83% are performing better than NMAX.
- In the last month NMAX has a been trading in the 5.48 - 7.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NMAX Weekly and Daily overview Charts
NMAX Setup Rating and Analysis
Although the technical rating is bad, NMAX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.90, a Stop Loss order could be placed below this zone.
More info and screens
NMAX Support and Resistance Analysis
6.68
We found 1 important support area.
- A support zone ranging from 6.75 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.03 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for NMAX is neutral. |
| 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 | POSITIVE | The current price of NMAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NMAX is above 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) | 51.87 | NEUTRAL | The RSI value for NMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NMAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.44 | NEUTRAL | The Stochastics value for NMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for NMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for NMAX suggests a possible start of a new trend. |
NMAX Chart- and CandleStick Pattern Analysis
NMAX Technicals: Chart, Performance Metrics, Trend & Indicators
6.91
+0.09 (+1.32%)
NEWSMAX INC / NMAX TA FAQ
Can you provide the ChartMill technical rating for NEWSMAX INC?
ChartMill assigns a technical rating of 1 / 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 51.865. This indicates that the stock is currently neutral.
What is the MACD signal for NEWSMAX INC (NMAX) stock?
The MACD indicator for NEWSMAX INC (NMAX) has a value of 0.0208725, indicating a bearish trend.
What is the short term momentum for NMAX stock?
The short term momentum for NEWSMAX INC (NMAX) is neutral.