USA - NASDAQ:NUWE - US67113Y7022 - Common Stock
We assign a technical rating of 0 out of 10 to NUWE. NUWE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NUWE 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.
3.22
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 | 0.43 | NEGATIVE | NUWE has a low relative strength, it was outperformed by 99.57% 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) | 38.05 | NEUTRAL | The RSI value for NUWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NUWE has a positive trend. |
| Stochastics (14,3) | 15.77 | OVERSOLD | The low Stochastics value suggests NUWE may be oversold. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for NUWE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for NUWE suggests a weak or negative trend. |
3.25
+0.22 (+7.26%)
ChartMill assigns a technical rating of 0 / 10 to NUWE.
The current trend direction for NUWELLIS INC (NUWE) is Bearish.
NUWELLIS INC (NUWE) has an RSI value of 38.054. This indicates that the stock is currently neutral.
The short term momentum for NUWELLIS INC (NUWE) is negative.
The buy/sell signal for NUWELLIS INC (NUWE) is sell as both the short term and long term trends are negative.