New Relic Inc (NEWR) Stock Technical Analysis
NYSE:NEWR - New York Stock Exchange, Inc. - US64829B1008 - Common Stock - Currency: USD
Taking everything into account, NEWR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NEWR has proven to be a steady performer, scoring decent points in every aspect analyzed.
NEWR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 87.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
73.09
We found 2 important support areas.
- A support zone ranging from 83.80 to 86.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.83 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 87.00 to 87.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 87.01 | 86.26 | 0.75 (0.86%) | 25.00% |
| An entry @87.01. This is a Buy Stop order right above the resistance zone. | An exit @86.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.75 points, which is 0.86%. | For a 0.22% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.99
+0.02 (+0.02%)