NEWTON GOLF COMPANY INC (NWTG) Stock Technical Analysis
NASDAQ:NWTG - Nasdaq - US78577G3011 - Common Stock - Currency: USD
Taking everything into account, NWTG scores 4 out of 10 in our technical rating. In the last year, NWTG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, NWTG is a bad performer in the overall market: 100% of all stocks are doing better.
NWTG is one of the lesser performing stocks in the Leisure Products industry. 93% of 31 stocks in the same industry do better.
In the last month NWTG has a been trading in the 1.50 - 2.23 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Although the technical rating is only medium, NWTG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.59
1.97
When analyzing the resistance we notice one important area.
- Resistance @1.95 from a trend 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 | UP | POSITIVE | The long term trend for NWTG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWTG is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NWTG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NWTG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NWTG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for NWTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NWTG has a negative trend. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for NWTG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.2 | HIGH VOLATILITY | The high ATR as a percentage value for NWTG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.69 | POSITIVE | The high ADX value value for NWTG 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)
1.61
-0.19 (-10.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-10.56%
1 Week-10.56%
2 Weeks-14.81%
1 Month7.33%
3 Month-10.56%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%12.2%
ATR Inc71.69%
Range Today0.2
ADR(20)0.2
ADR(20)%12.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.23
10 Day Low1.59
20 Day High2.23
20 Day Low1.5
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start1.95
Volume & EV
DER(3)-17.39%
DER(5)-14.8%
Volume215.90K
Volume Incr29.49%
Vol(5)210.62K
Vol(50)136.33K