Overall NTWK gets a technical rating of 2 out of 10. NTWK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- NTWK is part of the Software industry. There are 276 other stocks in this industry. NTWK outperforms 73% of them.
- In the last month NTWK has a been trading in the 2.88 - 3.39 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, NTWK turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NTWK has a poor technical rating and the quality of the setup is also not perfect 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
2.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.06 to 3.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.81 from a horizontal line in the daily time frame.
- Support @2.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.32 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for NTWK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NTWK is neutral. |
| ChartMill Relative Strength | 40.68 | NEUTRAL | NTWK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NTWK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NTWK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.5 | NEUTRAL | The RSI value for NTWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NTWK has a positive trend. |
| Stochastics (14,3) | 62.2 | NEUTRAL | The Stochastics value for NTWK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for NTWK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.81 | NEGATIVE | The low ADX value for NTWK suggests a weak or negative trend. |
3.26
-0.09 (-2.69%)
NETSOL TECHNOLOGIES INC / NTWK FAQ
What is the technical rating for NTWK stock?
ChartMill assigns a technical rating of 2 / 10 to NTWK.
What is the current trend direction of NETSOL TECHNOLOGIES INC (NTWK) stock?
The current trend direction for NETSOL TECHNOLOGIES INC (NTWK) is Bearish.
What is the RSI signal for NTWK stock?
NETSOL TECHNOLOGIES INC (NTWK) has an RSI value of 61.5025. This indicates that the stock is currently neutral.
What is the MACD signal for NETSOL TECHNOLOGIES INC (NTWK) stock?
The MACD indicator for NETSOL TECHNOLOGIES INC (NTWK) has a value of 0.0403124, indicating a bearish trend.
Can you provide the support and resistance levels for NETSOL TECHNOLOGIES INC?
NETSOL TECHNOLOGIES INC (NTWK) has a support level at 3.12. Check the full technical report for our detailed analysis of NTWK support and resistance levels.