We assign a technical rating of 3 out of 10 to NWGL. In the past year, NWGL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The technical rating of NWGL 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
1.02
When analyzing the support we can see 4 important areas.
- Support @1.17 from a trend line in the daily time frame.
- Support @1.10 from a trend line in the weekly time frame.
- Support @1.07 from a trend line in the daily time frame.
- Support @1.03 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.41 from a horizontal line in the daily time frame.
- Resistance @1.55 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 | UP | POSITIVE | The short term trend for NWGL is up. |
| ChartMill Relative Strength | 51.89 | NEUTRAL | NWGL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NWGL is above 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) | 57.02 | NEUTRAL | The RSI value for NWGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NWGL has a positive trend. |
| Stochastics (14,3) | 77.11 | NEUTRAL | The Stochastics value for NWGL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.03 | HIGH VOLATILITY | The high ATR as a percentage value for NWGL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for NWGL suggests a possible start of a new trend. |
1.32
+0.03 (+2.33%)
NATURE WOOD GROUP LTD-SP ADR / NWGL FAQ
What is the ChartMill technical rating of NATURE WOOD GROUP LTD-SP ADR (NWGL) stock?
ChartMill assigns a technical rating of 3 / 10 to NWGL.
What is the current trend direction of NATURE WOOD GROUP LTD-SP ADR (NWGL) stock?
The current trend direction for NATURE WOOD GROUP LTD-SP ADR (NWGL) is Bearish.
What is the RSI signal for NWGL stock?
NATURE WOOD GROUP LTD-SP ADR (NWGL) has an RSI value of 57.0179. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NATURE WOOD GROUP LTD-SP ADR?
The short term momentum for NATURE WOOD GROUP LTD-SP ADR (NWGL) is positive.
What is the buy/sell signal for NWGL stock?
The buy/sell signal for NATURE WOOD GROUP LTD-SP ADR (NWGL) is hold as the short term and long term trends are mixed.