ONEWATER MARINE INC-CL A (ONEW) Stock Technical Analysis
NASDAQ:ONEW • US68280L1017
We assign a technical rating of 2 out of 10 to ONEW. ONEW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 78% 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. 65% 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 11.79 - 15.25 range, which is quite wide. It is currently trading near the lows of this range.
ONEW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.97, a Stop Loss order could be placed below this zone.
More info and screens
11.85
We found 1 important support area.
- A support zone ranging from 11.97 to 11.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.39 to 13.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.74 from a trend line in the daily time frame.
- A resistance zone ranging from 14.21 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.35 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ONEW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONEW is neutral. |
| ChartMill Relative Strength | 22.41 | NEGATIVE | ONEW has a low relative strength, it was outperformed by 77.59% 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) | 48.35 | NEUTRAL | The RSI value for ONEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ONEW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.9 | OVERSOLD | The low Stochastics value suggests ONEW may be oversold. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for ONEW suggests high volalility. |
| Average Directional Index/ADX (14) | 26.83 | POSITIVE | The high ADX value value for ONEW suggests a strong trend. |
12.81
+0.58 (+4.74%)
ONEWATER MARINE INC-CL A / ONEW FAQ
Can you provide the ChartMill technical rating for ONEWATER MARINE INC-CL A?
ChartMill assigns a technical rating of 2 / 10 to ONEW.
Can you provide the trend direction for ONEWATER MARINE INC-CL A?
The current trend direction for ONEWATER MARINE INC-CL A (ONEW) is Bearish.
What is the RSI signal for ONEW stock?
ONEWATER MARINE INC-CL A (ONEW) has an RSI value of 48.3454. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ONEWATER MARINE INC-CL A?
The short term momentum for ONEWATER MARINE INC-CL A (ONEW) is neutral.