NEWT Forecast and Technical Stock Analysis
Sell candidate since 2019-07-31 Loss -1.07%
Newtek Business Services Corp. gained 2.06% in the last trading day ( Friday, 16th Aug 2019 ), rising from $20.90 to $21.33 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.73% from a day low at $20.86 to a day high of $21.43. The price has risen in 6 of the last 10 days and is up by 0.8% over the past 2 weeks. Volume fell in the last day by -5 754 shares and in total, 64 437 shares bought and sold for approximately $1.37 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the NEWT stock price was $22.27 and low was $20.21.
- 90 day high was $23.40 and low was $20.21.
- 52 week high for Newtek Business Services Corp. - $24.12 and low - $15.59.
Newtek Business Services Corp. lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.71% during the next 3 months and, with 90% probability hold a price between $18.51 and $21.17 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Newtek Business Services Corp. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $21.69. On a fall, the stock will find some support from the short-term average at $20.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Newtek Business Services Corp. finds support from accumulated volume at $21.20.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.55 %Average volatility
Very Low Low Medium High Very High
|NEWT $21.33 ($0.43 2.06%)|
NEWT is up $0.43 today, but where's it headed in 2019?
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