NTWK Technical Analysis - NETSOL TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to NTWK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTWK is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

NTWK is part of the Software industry. There are 280 other stocks in this industry. NTWK outperforms 86% of them.

NTWK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTWK is lagging the market slightly.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that NTWK is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month NTWK has a been trading in the 3.81 - 5.02 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

NETSOL TECHNOLOGIES INC / NTWK Weekly stock chart

NETSOL TECHNOLOGIES INC / NTWK Daily stock chart

Setup Rating and Analysis

Although NTWK has an excellent technical rating, it does not offer a high 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

3.94

4.76

When analyzing the support we notice one important area.

A support zone ranging from 3.98 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 NTWK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NTWK is up.
ChartMill Relative Strength	94.16	POSITIVE	NTWK has a high relative strength, it outperformed 94.16% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NTWK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NTWK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NTWK is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.28	NEUTRAL	The RSI value for NTWK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests NTWK has a positive trend.
Stochastics (14,3)	73.63	NEUTRAL	The Stochastics value for NTWK is a neutral value.
Average True Range in percent/ATR (20)	4.91	MEDIUM VOLATILITY	The ATR as a percentage value for NTWK suggests some volalility.
Average Directional Index/ADX (14)	39.34	POSITIVE	The high ADX value value for NTWK suggests a strong trend.