NMAX Technical Analysis - NEWSMAX INC

Technical Rating and Analysis

We assign a technical rating of 1 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.

100% of all other stocks performed better in the past year than NMAX.

NMAX is part of the Media industry. There are 99 other stocks in this industry, of which 81% are performing better than NMAX.

In the last month NMAX has a been trading in the 12.01 - 13.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, NMAX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.37, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

12.18

16.04

We found 1 important support area.

A support zone ranging from 12.30 to 12.37. This zone is formed by a combination of multiple trend lines in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 13.11 to 13.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @15.88 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	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)	DOWN	MIXED	The current price of NMAX is above 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)	46.46	NEUTRAL	The RSI value for NMAX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests NMAX has a positive trend.
Stochastics (14,3)	35.43	NEUTRAL	The Stochastics value for NMAX is a neutral value.
Average True Range in percent/ATR (20)	3.79	MEDIUM VOLATILITY	The ATR as a percentage value for NMAX suggests some volalility.
Average Directional Index/ADX (14)	10.86	NEGATIVE	The low ADX value for NMAX suggests a weak or negative trend.