NUWE Technical Analysis - NUWELLIS INC

Technical Rating and Analysis

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

100% of all other stocks performed better in the past year than NUWE.

NUWE is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 89% are performing better than NUWE.

NUWE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NUWE has a been trading in the 3.54 - 5.29 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 1058550 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.56

3.64

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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	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	0.48	NEGATIVE	NUWE has a low relative strength, it was outperformed by 99.52% 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)	29.5	OVERSOLD	The low RSI value suggests NUWE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests NUWE has a positive trend.
Stochastics (14,3)	4.93	OVERSOLD	The low Stochastics value suggests NUWE may be oversold.
Average True Range in percent/ATR (20)	9.38	HIGH VOLATILITY	The high ATR as a percentage value for NUWE suggests high volalility.
Average Directional Index/ADX (14)	13.12	NEGATIVE	The low ADX value for NUWE suggests a weak or negative trend.