Overall NWGL gets a technical rating of 0 out of 10. 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 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
1.00
We found 1 important support area.
- A support zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.66 from a trend line in the weekly time frame.
- Resistance @1.75 from a horizontal line in the daily 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 | 15.29 | NEGATIVE | NWGL has a low relative strength, it was outperformed by 84.71% 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) | 35.24 | NEUTRAL | The RSI value for NWGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NWGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.67 | OVERSOLD | The low Stochastics value suggests NWGL may be oversold. |
| Average True Range in percent/ATR (20) | 11.11 | HIGH VOLATILITY | The high ATR as a percentage value for NWGL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.58 | NEUTRAL | The ADX value for NWGL suggests a possible start of a new trend. |
1.08
+0.03 (+2.87%)
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 0 / 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 35.24. 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 negative.
What is the buy/sell signal for NWGL stock?
The buy/sell signal for NATURE WOOD GROUP LTD-SP ADR (NWGL) is sell as both the short term and long term trends are negative.