ONEW Technical Analysis - ONEWATER MARINE INC-CL A

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to ONEW. In the last year, ONEW was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

84% of all other stocks performed better in the past year than ONEW.

ONEW is one of the lesser performing stocks in the Specialty Retail industry. 69% of 121 stocks in the same industry do better.

ONEW 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 ONEW has a been trading in the 15.44 - 17.92 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ONEWATER MARINE INC-CL A / ONEW Weekly stock chart

ONEWATER MARINE INC-CL A / ONEW Daily stock chart

Setup Rating and Analysis

ONEW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.59

18.01

When analyzing the support we can see 3 important areas.

Support @15.47 from a horizontal line in the daily time frame.
Support @15.18 from a trend line in the daily time frame.
Support @13.73 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 16.13 to 16.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 17.00 to 17.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @17.83 from a horizontal line in the daily time frame.

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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 ONEW is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ONEW is down.
ChartMill Relative Strength	16.55	NEGATIVE	ONEW has a low relative strength, it was outperformed by 83.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ONEW is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ONEW is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ONEW is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.76	NEUTRAL	The RSI value for ONEW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests ONEW has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.97	OVERSOLD	The low Stochastics value suggests ONEW may be oversold.
Average True Range in percent/ATR (20)	4.41	MEDIUM VOLATILITY	The ATR as a percentage value for ONEW suggests some volalility.
Average Directional Index/ADX (14)	17.75	NEGATIVE	The low ADX value for ONEW suggests a weak or negative trend.