NEWTON GOLF COMPANY INC (NWTG) Stock Technical Analysis
NASDAQ:NWTG - US78577G3011 - Common Stock
1.86 USD
-0.08 (-4.12%)
1.94 USD
+0.08 (+4.3%)
We assign a technical rating of 5 out of 10 to NWTG. NWTG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
100% 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. 87% of 33 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month NWTG has a been trading in the 1.48 - 2.06 range, which is quite wide. It is currently trading near the high of this range.
NWTG has an average technical rating and the quality of the presented setup is also not ideal 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
1.66
2.00
3 important support areas can be observed.
- A support zone ranging from 1.85 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.72 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.68 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.95 to 1.98. 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 | UP | POSITIVE | The long term trend for NWTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWTG is up. |
| 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) | DOWN | MIXED | The current price of NWTG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWTG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.09 | NEUTRAL | The RSI value for NWTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NWTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.34 | NEUTRAL | The Stochastics value for NWTG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for NWTG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for NWTG suggests a possible start of a new 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)
1.86
-0.08 (-4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-4.12%
1 Week5.68%
2 Weeks1.09%
1 Month-5.58%
3 Month21.57%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.5%
ATR Inc0.31%
Range Today0.08
ADR(20)0.16
ADR(20)%8.37%
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 High2.06
10 Day Low1.7
20 Day High2.06
20 Day Low1.48
52 Week HighN/A
52 Week LowN/A
CS1 End1.85
CR1 Start1.95
Volume & EV
DER(3)5.61%
DER(5)15.96%
Volume74.98K
Volume Incr-35.35%
Vol(5)100.56K
Vol(50)146.85K