NWTN Technical Analysis - NWTN INC - CLASS B

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to NWTN. NWTN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

NWTN is part of the Automobiles industry. There are 37 other stocks in this industry. NWTN outperforms 77% of them.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the performance of all stocks over the past year, NWTN turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.

NWTN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NWTN is lagging the market.

In the last month NWTN has a been trading in the 1.04 - 1.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NWTN INC - CLASS B / NWTN Weekly stock chart

NWTN INC - CLASS B / NWTN Daily stock chart

Setup Rating and Analysis

NWTN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.08

1.65

2 important support areas can be observed.

Support @1.11 from a trend line in the daily time frame.
Support @1.09 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @1.63 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for NWTN is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NWTN is neutral.
ChartMill Relative Strength	62.16	NEUTRAL	NWTN is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of NWTN is below a declining 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)	54.84	NEUTRAL	The RSI value for NWTN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests NWTN has a positive trend.
Stochastics (14,3)	42.67	NEUTRAL	The Stochastics value for NWTN is a neutral value.
Average True Range in percent/ATR (20)	11.68	HIGH VOLATILITY	The high ATR as a percentage value for NWTN suggests high volalility.
Average Directional Index/ADX (14)	12.68	NEGATIVE	The low ADX value for NWTN suggests a weak or negative trend.