NTE Technical Analysis - NETWORK MEDIA GROUP INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to NTE. Although NTE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, NTE is a bad performer in the overall market: 87% of all stocks are doing better.

NTE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

NTE is part of the Entertainment industry. There are 13 other stocks in this industry, NTE did better than 50% of them.

In the last month NTE has a been trading in the 0.12 - 0.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NETWORK MEDIA GROUP INC / NTE Weekly stock chart

NETWORK MEDIA GROUP INC / NTE Daily stock chart

Setup Rating and Analysis

NTE 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 support zone below the current price at 0.13, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.15

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.07 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 0.14 to 0.14. 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 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for NTE.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NTE.CA is neutral.
ChartMill Relative Strength	13.04	NEGATIVE	NTE.CA has a low relative strength, it was outperformed by 86.96% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NTE.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NTE.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NTE.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.31	NEUTRAL	The RSI value for NTE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests NTE.CA has a negative trend.
Stochastics (14,3)	31.44	NEUTRAL	The Stochastics value for NTE.CA is a neutral value.
Average True Range in percent/ATR (20)	7.04	HIGH VOLATILITY	The high ATR as a percentage value for NTE.CA suggests high volalility.
Average Directional Index/ADX (14)	24.04	NEUTRAL	The ADX value for NTE.CA suggests a possible start of a new trend.