RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NEU
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NewMarket Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 6.90% PDF

The NewMarket Corporation stock price gained 0.80% on the last trading day (Thursday, 28th Mar 2024), rising from $629.58 to $634.62. During the last trading day the stock fluctuated 0.97% from a day low at $632.10 to a day high of $638.21. The price has risen in 8 of the last 10 days and is up by 2.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 655 more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately $25.80 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.34% during the next 3 months and, with a 90% probability hold a price between $700.77 and $766.12 at the end of this 3-month period.

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NEU Signals & Forecast

The NewMarket Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $627.63 and $618.91. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for NewMarket Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $593.63 and $554.16. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NewMarket Corporation finds support just below today's level at $593.63. If this is broken, then the next support from accumulated volume will be at $554.16 and $552.31.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $6.11 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: $611.34 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (NEU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect NewMarket Corporation to open at $634.98, and during the day (based on 14 day Average True Range), to move between $624.93 and $644.31, which gives a possible trading interval of +/-$9.69 (+/-1.53%) up or down from last closing price. If NewMarket Corporation takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $636.31 (0.27%) than the support at $593.63 (6.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NewMarket Corporation stock A Buy?

NewMarket Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.710 Strong Buy Candidate Upgraded

Predicted Opening Price for NewMarket Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$634.98 ( 0.0562%) $634.62

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NEU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 641.09 1.02 %
R2 638.75 0.651 %
R1 637.31 0.424 %
Current price: 634.62
Support S1 632.64 -0.312 %
S2 631.20 -0.539 %
S3 628.87 -0.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 643.00 1.32 %
R2 641.67 1.11 %
R1 636.31 0.266 %
Current price 634.62
Support S1 593.63 -6.46%
S2 554.16 -12.68%
S3 552.31 -12.97%

NEU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 14, 2024 Apr 01, 2024 $2.50 0.394%
2 Oct 26, 2023 Dec 14, 2023 Jan 02, 2024 $2.25 0.411%
3 Aug 03, 2023 Sep 14, 2023 Oct 02, 2023 $2.25 0.498%
4 Apr 27, 2023 Jun 14, 2023 Jul 03, 2023 $2.25 0.545%
5 Feb 23, 2023 Mar 14, 2023 Apr 03, 2023 $2.10 0.574%

FAQ

What is the symbol for NewMarket Corporation Stock and on which exchange is it traded?
The symbol for NewMarket Corporation is NEU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell NewMarket Corporation Stock?
NewMarket Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy NewMarket Corporation Stock?
NewMarket Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NewMarket Corporation Stock.

What's the current price of NewMarket Corporation Stock?
As of the end of day on the 2024-03-28, the price of an NewMarket Corporation (NEU) share was $634.62.

What is the 52-week high and low for NewMarket Corporation Stock?
The 52-week high for NewMarket Corporation Stock is $650.00 and the 52-week low is $359.14.

What is the market capitalization of NewMarket Corporation Stock?
As of the 2024-03-28, the market capitalization of NewMarket Corporation is 6.086B.

When is the next earnings date for NewMarket Corporation?
The upcoming earnings date for NewMarket Corporation is Apr 24, 2024.
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About NewMarket Corporation

NewMarket NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles,... NEU Profile

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