NATURE WOOD GROUP LTD-SP ADR (NWGL) Stock Technical Analysis
NASDAQ:NWGL - Nasdaq - US63903R1068 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to NWGL. NWGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, NWGL is a bad performer in the overall market: 98% of all stocks are doing better.
NWGL is one of the lesser performing stocks in the Paper & Forest Products industry. 87% of 9 stocks in the same industry do better.
NWGL 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 NWGL has a been trading in the 0.91 - 6.61 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
NWGL has a poor technical rating and the quality of the setup is also only medium 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
1.01
1.63
When analyzing the support we notice one important area.
- A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.08 from a horizontal line in the daily time frame.
- Resistance @1.61 from a trend line in the weekly 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 NWGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NWGL is down. |
| ChartMill Relative Strength | 2.85 | NEGATIVE | NWGL has a low relative strength, it was outperformed by 97.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NWGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NWGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.94 | NEUTRAL | The RSI value for NWGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NWGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.3 | OVERSOLD | The low Stochastics value suggests NWGL may be oversold. |
| Average True Range in percent/ATR (20) | 58.04 | HIGH VOLATILITY | The high ATR as a percentage value for NWGL suggests high volalility. |
| Average Directional Index/ADX (14) | 36.56 | POSITIVE | The high ADX value value for NWGL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.03
-0.01 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-0.96%
1 Week0%
2 Weeks-7.21%
1 Month-36.42%
3 Month-27.96%
6 Month-7.46%
12 Month-68.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%58.04%
ATR Inc-92.12%
Range Today0.05
ADR(20)0.43
ADR(20)%42.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.85
Mansfield-3.45
10 Day High1.21
10 Day Low0.91
20 Day High6.61
20 Day Low0.91
52 Week High6.61
52 Week Low0.91
CS1 End1.03
CR1 Start1.08
Volume & EV
DER(3)2.12%
DER(5)-5.06%
Volume53.30K
Volume Incr-95.36%
Vol(5)41.04K
Vol(50)443.61K