New Relic Inc (NEWR) Stock Technical Analysis
NYSE:NEWR - New York Stock Exchange, Inc. - US64829B1008 - Common Stock - Currency: USD
Overall NEWR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEWR is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NEWR is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, NEWR also shows a nice and consistent pattern of rising prices.
NEWR is one of the better performing stocks in the Software industry, it outperforms 84% of 281 stocks in the same industry.
A new 52 week high is currently being made by NEWR, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so NEWR is leading the market.
NEWR has an average volume of 1415870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NEWR has a been trading in a tight range between 85.08 and 87.01.
Volume is considerably higher in the last couple of days.
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. Another positive sign is the recent Pocket Pivot signal.
- 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
87.87
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield1.52
10 Day High87.01
10 Day Low86.27
20 Day High87.01
20 Day Low85.08
52 Week High87.01
52 Week Low50.3
Performance
1 Week0.37%
2 Weeks0.75%
1 Month1.29%
3 Month3.76%
6 Month16.67%
12 Month47.29%
2 Year-21.51%
3 Year45.64%
5 Year-0.23%
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)0.03
RSI(14)74.81
LBB85.68
UBB87.33
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 trade has a worst case loss of 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week0.37%
2 Weeks0.75%
1 Month1.29%
3 Month3.76%
6 Month16.67%
12 Month47.29%
2 Year-21.51%
3 Year45.64%
5 Year-0.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%0.33%
ATR Inc-88.11%
Range Today0.04
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
CRS92.78
Mansfield1.52
10 Day High87.01
10 Day Low86.27
20 Day High87.01
20 Day Low85.08
52 Week High87.01
52 Week Low50.3
CS1 End86.71
CR1 Start87
Volume & EV
DER(3)0.55%
DER(5)1.32%
Volume4.22M
Volume Incr106.3%
Vol(5)2.59M
Vol(50)1.42M