Stock Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
NewMarket Corp (NYSE:NEU)
Bull Market Weakness (+75) - NEU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NEU as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NEU?
MarketClub looks at technical strength and momentum to determine if the timing is right for NEU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NEU
The long-term trend has been UP since Oct 4th, 2022 at 312.585
The intermediate-term trend has been UP since Jan 3rd, 2023 at 321.370
The short-term trend has been DOWN since Jan 24th, 2023 at 339.850
Smart Scan Analysis for NEU
Based on our trend formula, NEU is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||437.63||Year High Date||2018-03-09|
|Year Low||352.89||Year Low Date||2018-10-25|
|52wk High||351.735||52wk High Date||2022-05-04|
|52wk Low||280.28||52wk Low Date||2022-09-02|
|Year End Close||262.2||Average Volume||59,601|
|Shares Outstanding||9,871||Short Interest||1,095,825|
|% Institutional||56.9||Market Cap||5,096M|