We assign a technical rating of 5 out of 10 to NWTG. Recently some decent action could be observed, but in the medium term time frame this is still negative. NWTG was also a bad performer in the overall market in the last year.
- 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. 86% of 31 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month NWTG has a been trading in the 1.49 - 1.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, NWTG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.76. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NWTG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.42
3 important support areas can be observed.
- Support @1.59 from a trend line in the daily time frame.
- A support zone ranging from 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.43 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.76 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.87 to 1.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.96 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NWTG is neutral. |
| 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) | UP | POSITIVE | The current price of NWTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NWTG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | 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) | 62.03 | NEUTRAL | The Stochastics value for NWTG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for NWTG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.03 | NEUTRAL | The ADX value for NWTG suggests a possible start of a new trend. |
1.67
-0.03 (-1.76%)
NEWTON GOLF COMPANY INC / NWTG FAQ
What is the technical rating for NWTG stock?
ChartMill assigns a technical rating of 5 / 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.
What is the RSI signal for NEWTON GOLF COMPANY INC (NWTG) stock?
NEWTON GOLF COMPANY INC (NWTG) has an RSI value of 52.2335. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEWTON GOLF COMPANY INC?
The short term momentum for NEWTON GOLF COMPANY INC (NWTG) is positive.