Logo image of NETE

Net Element Inc (NETE) Stock Technical Analysis

NASDAQ:NETE - Nasdaq -

13.09  +1.04 (+8.63%)

After market: 13 -0.09 (-0.69%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to NETE. In the last year, NETE 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.
NETE is one of the better performing stocks in the Software industry, it outperforms 78% of 283 stocks in the same industry.
In the last month NETE has a been trading in the 6.95 - 14.95 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NETE did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NETE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NETE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
Net Element Inc / NETE Weekly stock chart
Net Element Inc / NETE Daily stock chart
Setup Rating and Analysis

2

Although NETE has an excellent technical rating, it 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.

Support and Resistance Analysis

12.95

13.23

We found 1 important support area.

  • A support zone ranging from 13.08 to 13.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 13.09 to 13.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.9
Mansfield0.25
10 Day High14.95
10 Day Low6.95
20 Day High14.95
20 Day Low6.95
52 Week High19.15
52 Week Low5.72
Performance
1 Week55.46%
2 Weeks75.47%
1 Month65.91%
3 Month11.98%
6 Month33.71%
12 Month109.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.64
RSI(14)80.61
LBB5.14
UBB12.49
Net Element Inc / NETE Daily stock chart

Net Element Inc

NASDAQ:NETE (11/4/2021, 8:00:02 PM)

After market: 13 -0.09 (-0.69%)

13.09

+1.04 (+8.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg8.63%
1 Week55.46%
2 Weeks75.47%
1 Month65.91%
3 Month11.98%
6 Month33.71%
12 Month109.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%6.63%
ATR Inc180.49%
Range Today3.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.9
Mansfield0.25
10 Day High14.95
10 Day Low6.95
20 Day High14.95
20 Day Low6.95
52 Week High19.15
52 Week Low5.72
CS1 End13.08
CR1 Start13.09
Volume & EV
DER(3)7.1%
DER(5)6.73%
Volume4.07M
Volume Incr1553.12%
Vol(5)2.10M
Vol(50)621.94K