NEWTON GOLF COMPANY INC (NWTG) Technical Analysis
NASDAQ:NWTG • US78577G3011
Current stock price
NWTG Technical Rating and Analysis
Overall NWTG gets a technical rating of 0 out of 10. NWTG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than NWTG.
- NWTG is one of the lesser performing stocks in the Leisure Products industry. 70% of 31 stocks in the same industry do better.
- NWTG 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.
- In the last month NWTG has a been trading in the 1.06 - 1.63 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NWTG Weekly and Daily overview Charts
NWTG Setup Rating and Analysis
NWTG has a poor technical rating and the quality of the setup is also not perfect 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
NWTG Support and Resistance Analysis
1.09
When analyzing the support we notice one important area.
- A support zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.52 from a trend line in the weekly time frame.
- Resistance @1.58 from a trend line in the daily time frame.
- Resistance @1.96 from a horizontal line in the weekly time frame.
NWTG Technical Indicator Signal Analysis
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 NWTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NWTG is down. |
| ChartMill Relative Strength | 12.4 | NEGATIVE | NWTG has a low relative strength, it was outperformed by 87.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NWTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NWTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.82 | NEUTRAL | The RSI value for NWTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NWTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45 | NEUTRAL | The Stochastics value for NWTG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.87 | HIGH VOLATILITY | The high ATR as a percentage value for NWTG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.7 | NEGATIVE | The low ADX value for NWTG suggests a weak or negative trend. |
NWTG Chart- and CandleStick Pattern Analysis
NWTG Technicals: Chart, Performance Metrics, Trend & Indicators
1.21
+0.01 (+0.83%)
NEWTON GOLF COMPANY INC / NWTG TA FAQ
What is the technical rating for NWTG stock?
ChartMill assigns a technical rating of 0 / 10 to NWTG.
Can you provide the trend direction for NEWTON GOLF COMPANY INC?
The current trend direction for NEWTON GOLF COMPANY INC (NWTG) is Bearish.
Can you provide the RSI signal for NEWTON GOLF COMPANY INC?
NEWTON GOLF COMPANY INC (NWTG) has an RSI value of 41.8168. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEWTON GOLF COMPANY INC?
The MACD indicator for NEWTON GOLF COMPANY INC (NWTG) has a value of 0.00259209, indicating a bearish trend.
What is the short term momentum for NWTG stock?
The short term momentum for NEWTON GOLF COMPANY INC (NWTG) is negative.