NR Forecast and Technical Stock Analysis
Sell candidate since 2019-08-14 Loss -0.45%
Newpark Resources Inc fell by -1.77% in the last day ( Tuesday, 20th Aug 2019 ) from $6.79 to $6.67 and has now fallen 3 days in a row. During the day the stock fluctuated 3.10% from a day low at $6.62 to a day high of $6.82. The price has risen in 5 of the last 10 days , but is still down by -3.33% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -516 211 shares and in total 231 959 shares bought and sold for approximately $1.55 million.
- 30 day high of the NR stock price was $7.84 and low was $6.51.
- 90 day high was $7.84 and low was $6.29.
- 52 week high for Newpark Resources Inc - $11.25 and low - $6.29.
Newpark Resources Inc is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Newpark Resources Inc with a 90% probability to be traded between $6.18 and $7.48 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. Newpark Resources Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $6.91 and $6.97. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 31 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
Newpark Resources Inc finds support from accumulated volume at $6.64.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.21 (3.10%) between high and low. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.74 %Average volatility
Very Low Low Medium High Very High
|NR $6.67 ($-0.12 -1.77%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!