Taking everything into account, NMRK scores 6 out of 10 in our technical rating. NMRK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NMRK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.48, a Stop Loss order could be placed below this zone.
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10.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.40 to 17.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.31 to 16.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.86 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.79 to 17.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.48 to 19.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NMRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMRK is up. |
| ChartMill Relative Strength | 83.66 | POSITIVE | NMRK has a high relative strength, it outperformed 83.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NMRK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.24 | NEUTRAL | The RSI value for NMRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NMRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.88 | OVERBOUGHT | The high Stochastics value suggests NMRK may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for NMRK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for NMRK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.81 | 17.39 | 0.42 (2.36%) | 25.00% |
| An entry @17.81. This is a Buy Stop order right above the resistance zone. | An exit @17.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 2.36%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NMRK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.63
-0.02 (-0.11%)
NEWMARK GROUP INC-CLASS A / NMRK FAQ
What is the technical rating for NMRK stock?
ChartMill assigns a technical rating of 6 / 10 to NMRK.
What is the trend direction for NMRK stock?
The current trend direction for NEWMARK GROUP INC-CLASS A (NMRK) is Bullish.
What is the RSI signal for NEWMARK GROUP INC-CLASS A (NMRK) stock?
NEWMARK GROUP INC-CLASS A (NMRK) has an RSI value of 55.2432. This indicates that the stock is currently neutral.
What is the MACD signal for NEWMARK GROUP INC-CLASS A (NMRK) stock?
The MACD indicator for NEWMARK GROUP INC-CLASS A (NMRK) has a value of 0.0554989, indicating a bearish trend.
What is the buy/sell signal for NMRK stock?
The buy/sell signal for NEWMARK GROUP INC-CLASS A (NMRK) is buy as both the short term and long term trends are positive.