NUWELLIS INC (NUWE) Technical Analysis
NASDAQ:NUWE • US67113Y7022
We assign a technical rating of 0 out of 10 to NUWE. NUWE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than NUWE.
- NUWE is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 89% of 184 stocks in the same industry do better.
- NUWE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NUWE is lagging the market.
- In the last month NUWE has a been trading in the 1.20 - 2.31 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- NUWE has an average volume of 2610500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of NUWE is bad and it also does not present a quality setup 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
1.27
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.68 from a trend line in the daily time frame.
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 NUWE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NUWE is down. |
| ChartMill Relative Strength | 1.92 | NEGATIVE | NUWE has a low relative strength, it was outperformed by 98.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NUWE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUWE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NUWE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.96 | NEUTRAL | The RSI value for NUWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NUWE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.11 | OVERSOLD | The low Stochastics value suggests NUWE may be oversold. |
| Average True Range in percent/ATR (20) | 12.91 | HIGH VOLATILITY | The high ATR as a percentage value for NUWE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for NUWE suggests a weak or negative trend. |
NUWE Technicals: Chart, Performance Metrics, Trend & Indicators
1.28
-0.07 (-5.19%)
NUWELLIS INC / NUWE FAQ
Can you provide the ChartMill technical rating for NUWELLIS INC?
ChartMill assigns a technical rating of 0 / 10 to NUWE.
Can you provide the trend direction for NUWELLIS INC?
The current trend direction for NUWELLIS INC (NUWE) is Bearish.
What is the RSI signal for NUWE stock?
NUWELLIS INC (NUWE) has an RSI value of 32.957. This indicates that the stock is currently neutral.
What is the short term momentum for NUWELLIS INC (NUWE) stock?
The short term momentum for NUWELLIS INC (NUWE) is negative.
What are the support and resistance levels for NUWELLIS INC (NUWE) stock?
NUWELLIS INC (NUWE) has a resistance level at 1.41. Check the full technical report for our detailed analysis of NUWE support and resistance levels.