NEWMARK GROUP INC-CLASS A (NMRK) Stock Technical Analysis
NASDAQ:NMRK • US65158N1028
Taking everything into account, NMRK scores 0 out of 10 in our technical rating. NMRK'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 78% of all other stocks performed better in the past year than NMRK.
- In the last month NMRK has a been trading in the 13.36 - 18.01 range, which is quite wide. It is currently trading near the lows of this range.
- NMRK has an average volume of 1277620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NMRK is an average performer in the Real Estate Management & Development industry, it outperforms 49% of 62 stocks in the same industry.
- NMRK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NMRK is lagging the market.
Although the technical rating is bad, NMRK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.50, a Stop Loss order could be placed below this zone.
More info and screens
10.87
We found 2 important support areas.
- A support zone ranging from 14.32 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.98 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @14.55 from a trend line in the daily time frame.
- A resistance zone ranging from 15.51 to 15.66. 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 17.36 to 17.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.79 from a horizontal line in the daily time frame.
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 NMRK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMRK is down. |
| ChartMill Relative Strength | 22.48 | NEGATIVE | NMRK has a low relative strength, it was outperformed by 77.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMRK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMRK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NMRK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.96 | NEUTRAL | The RSI value for NMRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NMRK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.56 | NEUTRAL | The Stochastics value for NMRK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for NMRK suggests high volalility. |
| Average Directional Index/ADX (14) | 28.61 | POSITIVE | The high ADX value value for NMRK suggests a strong trend. |
14.52
-0.37 (-2.48%)
NEWMARK GROUP INC-CLASS A / NMRK FAQ
What is the technical rating for NMRK stock?
ChartMill assigns a technical rating of 0 / 10 to NMRK.
Can you provide the trend direction for NEWMARK GROUP INC-CLASS A?
The current trend direction for NEWMARK GROUP INC-CLASS A (NMRK) is Bearish.
What is the RSI signal for NEWMARK GROUP INC-CLASS A (NMRK) stock?
NEWMARK GROUP INC-CLASS A (NMRK) has an RSI value of 37.9621. This indicates that the stock is currently neutral.
What is the short term momentum for NEWMARK GROUP INC-CLASS A (NMRK) stock?
The short term momentum for NEWMARK GROUP INC-CLASS A (NMRK) is negative.
Can you provide the support and resistance levels for NEWMARK GROUP INC-CLASS A?
NEWMARK GROUP INC-CLASS A (NMRK) has a support level at 14.5 and a resistance level at 14.55. Check the full technical report for our detailed analysis of NMRK support and resistance levels.