NTE Technical Analysis - NETWORK MEDIA GROUP INC

Technical Rating and Analysis

Overall NTE gets a technical rating of 3 out of 10. In the last year, NTE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, NTE is a bad performer in the overall market: 96% of all stocks are doing better.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

NTE is an average performer in the Entertainment industry, it outperforms 45% of 12 stocks in the same industry.

NTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTE is lagging the market.

In the last month NTE has a been trading in the 0.10 - 0.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

The technical rating of NTE is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.14

3 important support areas can be observed.

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.
A support zone ranging from 0.12 to 0.12. 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 found 1 important resistance area.

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

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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	NEUTRAL	NEUTRAL	The long term trend for NTE.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NTE.CA is neutral.
ChartMill Relative Strength	4.52	NEGATIVE	NTE.CA has a low relative strength, it was outperformed by 95.48% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NTE.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of NTE.CA is below 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)	51.69	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, although the MACD value is rising.
Stochastics (14,3)	47.14	NEUTRAL	The Stochastics value for NTE.CA is a neutral value.
Average True Range in percent/ATR (20)	5.96	HIGH VOLATILITY	The high ATR as a percentage value for NTE.CA suggests high volalility.
Average Directional Index/ADX (14)	14.83	NEGATIVE	The low ADX value for NTE.CA suggests a weak or negative trend.