NUWELLIS INC (NUWE) Technical Analysis
NASDAQ:NUWE • US67113Y7022
Current stock price
NUWE Technical Rating and Analysis
Overall NUWE gets a technical rating of 1 out of 10. 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.
- When comparing the yearly performance of all stocks, NUWE is a bad performer in the overall market: 99% of all stocks are doing better.
- NUWE is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 88% of 187 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. 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 0.99 - 1.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
NUWE Weekly and Daily overview Charts
NUWE Setup Rating and Analysis
Although the technical rating is bad, NUWE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for NUWE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NUWE Support and Resistance Analysis
1.17
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.24 from a horizontal line in the daily time frame.
NUWE 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 | 1.69 | NEGATIVE | NUWE has a low relative strength, it was outperformed by 98.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUWE is above the rising 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) | 46.52 | NEUTRAL | The RSI value for NUWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NUWE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for NUWE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for NUWE suggests high volalility. |
| Average Directional Index/ADX (14) | 10.89 | NEGATIVE | The low ADX value for NUWE suggests a weak or negative trend. |
NUWE Chart- and CandleStick Pattern Analysis
NUWE Technicals: Chart, Performance Metrics, Trend & Indicators
1.18
-0.01 (-0.8%)
NUWELLIS INC / NUWE TA FAQ
Can you provide the ChartMill technical rating for NUWELLIS INC?
ChartMill assigns a technical rating of 1 / 10 to NUWE.
Can you provide the trend direction for NUWELLIS INC?
The current trend direction for NUWELLIS INC (NUWE) is Bearish.
Can you provide the RSI signal for NUWELLIS INC?
NUWELLIS INC (NUWE) has an RSI value of 46.524. This indicates that the stock is currently neutral.
What is the MACD signal for NUWE stock?
The MACD indicator for NUWELLIS INC (NUWE) has a value of 0.0281489, indicating a bearish trend.
Can you provide the short term momentum for NUWELLIS INC?
The short term momentum for NUWELLIS INC (NUWE) is negative.