NEW WORK SE (NWO.DE) Stock Technical Analysis
Europe • Frankfurt Stock Exchange • FRA:NWO • DE000NWRK013
Taking everything into account, NWO scores 3 out of 10 in our technical rating. In the past year, NWO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 83% of all other stocks performed better in the past year than NWO.
- NWO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: NWO has an average volume of 2246 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- NWO is an average performer in the Interactive Media & Services industry, it outperforms 50% of 19 stocks in the same industry.
- In the last month NWO has a been trading in a tight range between 65.20 and 66.40.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NWO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 66.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.12, a Stop Loss order could be placed below this zone.
More info and screens
51.38
We found 2 important support areas.
- A support zone ranging from 65.00 to 66.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.21 to 67.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NWO.DE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWO.DE is neutral. |
| ChartMill Relative Strength | 17.31 | NEGATIVE | NWO.DE has a low relative strength, it was outperformed by 82.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWO.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWO.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NWO.DE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for NWO.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NWO.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.44 | NEUTRAL | The Stochastics value for NWO.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for NWO.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for NWO.DE suggests a weak or negative trend. |
FRA:NWO (8/26/2024, 7:00:00 PM)
66.2
+0.4 (+0.61%)
NEW WORK SE / NWO.DE FAQ
What is the ChartMill technical rating of NEW WORK SE (NWO.DE) stock?
ChartMill assigns a technical rating of 3 / 10 to NWO.DE.
What is the trend direction for NWO stock?
The current trend direction for NEW WORK SE (NWO.DE) is Bearish.
Can you provide the RSI signal for NEW WORK SE?
NEW WORK SE (NWO.DE) has an RSI value of 56.3289. This indicates that the stock is currently neutral.
What is the MACD signal for NEW WORK SE (NWO.DE) stock?
The MACD indicator for NEW WORK SE (NWO.DE) has a value of -0.0422165, indicating a bearish trend.