NWTN INC - CLASS B (NWTN) Stock Technical Analysis
NASDAQ:NWTN - Nasdaq - KYG6693P1063 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NWTN. In the last year, NWTN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NWTN is one of the better performing stocks in the Automobiles industry, it outperforms 94% of 38 stocks in the same industry.
NWTN has an average volume of 1890420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NWTN is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
NWTN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NWTN is lagging the market slightly.
In the last month NWTN has a been trading in the 0.35 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although NWTN has an excellent technical rating, it does not present a decent entry opportunity 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
1.67
1.90
When analyzing the resistance we notice one important area.
- Resistance @1.88 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 NWTN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWTN is up. |
| ChartMill Relative Strength | 96.09 | POSITIVE | NWTN has a high relative strength, it outperformed 96.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.99 | NEUTRAL | The RSI value for NWTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NWTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.06 | NEUTRAL | The Stochastics value for NWTN is a neutral value. |
| Average True Range in percent/ATR (20) | 21.16 | HIGH VOLATILITY | The high ATR as a percentage value for NWTN suggests high volalility. |
| Average Directional Index/ADX (14) | 52.1 | POSITIVE | The high ADX value value for NWTN 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)
1.69
-0.14 (-7.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-7.65%
1 Week-9.63%
2 Weeks181.2%
1 Month380.11%
3 Month166.1%
6 Month15.75%
12 Month-57.96%
2 Year-83.94%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%21.16%
ATR Inc-24.12%
Range Today0.33
ADR(20)0.35
ADR(20)%20.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.09
Mansfield7.53
10 Day High3.48
10 Day Low0.6
20 Day High3.48
20 Day Low0.35
52 Week High4.05
52 Week Low0.3
CS1 EndN/A
CR1 Start1.88
Volume & EV
DER(3)-7.76%
DER(5)-5.44%
Volume637.30K
Volume Incr458.55%
Vol(5)7.50M
Vol(50)1.89M