NETSOL TECHNOLOGIES INC (NTWK)

US64115A4022 - Common Stock

2.58  +0.12 (+4.88%)

Premarket: 2.52 -0.06 (-2.33%)

Technical Rating and Analysis

2

Taking everything into account, NTWK scores 2 out of 10 in our technical rating. NTWK has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month NTWK has a been trading in the 2.46 - 2.82 range, which is quite wide. It is currently trading near the lows of this range.
Warning: NTWK has an average volume of 21214 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, NTWK did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NTWK is part of the Software industry. There are 277 other stocks in this industry, NTWK did better than 66% of them.
NTWK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTWK is lagging the market.
Weekly and Daily overview Charts
NTWK Weekly chart
NTWK Daily chart
Setup Rating and Analysis

7

NTWK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

Support and Resistance Analysis

2.22

3.04

When analyzing the support we can see 5 important areas.

  • Support @2.54 from a horizontal line in the weekly time frame.
  • Support @2.45 from a horizontal line in the daily time frame.
  • Support @2.41 from a trend line in the daily time frame.
  • Support @2.35 from a trend line in the weekly time frame.
  • Support @2.24 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 2.61 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.78 to 2.81. 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 2.94 to 2.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @3.01 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72
Mansfield0.08
10 Day High2.79
10 Day Low2.46
20 Day High2.82
20 Day Low2.46
52 Week High3.05
52 Week Low1.72
Performance
1 Week2.38%
2 Weeks-6.18%
1 Month-6.86%
3 Month13.66%
6 Month34.38%
12 Month13.66%
2 Year-23.21%
3 Year-44.28%
5 Year-56.12%
10 Year-34.18%
15 Year-41.36%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)44.68
LBB2.45
UBB2.81
NTWK Daily chart

NETSOL TECHNOLOGIES INC

NASDAQ:NTWK (5/7/2024, 7:13:31 PM)

Premarket: 2.52 -0.06 (-2.33%)

2.58

+0.12 (+4.88%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg4.88%
1 Week2.38%
2 Weeks-6.18%
1 Month-6.86%
3 Month13.66%
6 Month34.38%
12 Month13.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%4.21%
ATR Inc
Range Today0.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.79
10 Day Low2.46
20 Day High2.82
20 Day Low2.46
52 Week High3.05
52 Week Low1.72
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.30K
Volume Incr-1.41%
Vol(5)16.12K
Vol(50)21.21K