We assign a technical rating of 10 out of 10 to NWG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NWG 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 NWG is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, NWG also shows a nice and consistent pattern of rising prices.
NWG is one of the better performing stocks in the Banks industry, it outperforms 98% of 404 stocks in the same industry.
A new 52 week high is currently being made by NWG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so NWG is leading the market.
In the last month NWG has a been trading in the 10.51 - 12.30 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.
NWG has an average volume of 4337080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.