NEWPARK RESOURCES INC (NR) Stock Technical Analysis
NYSE:NR - New York Stock Exchange, Inc. - US6517185046 - Common Stock - Currency: USD
Taking everything into account, NR scores 5 out of 10 in our technical rating. NR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month NR has a been trading in the 7.17 - 8.51 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NR is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry. NR outperforms 74% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, NR turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
NR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NR is lagging the market slightly.
NR has an average technical rating and it also does not offer a high 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.
More info and screens
6.44
8.56
We found 2 important support areas.
- Support @6.77 from a trend line in the weekly time frame.
- A support zone ranging from 6.51 to 6.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.89 to 7.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.31 to 8.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.48 to 8.48. 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 | NEUTRAL | NEUTRAL | The long term trend for NR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NR is neutral. |
| ChartMill Relative Strength | 51.26 | NEUTRAL | NR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.48 | NEUTRAL | The RSI value for NR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NR has a negative trend. |
| Stochastics (14,3) | 3.76 | OVERSOLD | The low Stochastics value suggests NR may be oversold. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for NR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.24 | NEGATIVE | The low ADX value for NR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.25
-0.37 (-4.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-4.86%
1 Week-10.49%
2 Weeks-9.15%
1 Month1.12%
3 Month-2.95%
6 Month-8.23%
12 Month3.87%
2 Year74.7%
3 Year146.6%
5 Year15.63%
10 Year-24%
15 Year71.39%
Volatility
ATR(14)0.33
ATR(20)%4.48%
ATR Inc12.95%
Range Today0.56
ADR(20)0.32
ADR(20)%4.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.26
Mansfield-1.18
10 Day High8.22
10 Day Low7.25
20 Day High8.51
20 Day Low7.17
52 Week High8.65
52 Week Low5.61
CS1 End6.77
CR1 Start7.89
Volume & EV
DER(3)-5.56%
DER(5)-4.24%
Volume1.03M
Volume Incr-15.01%
Vol(5)622.04K
Vol(50)656.60K