Technical Analysis for NEW.A - Newgrowth Corp.

Grade Last Price % Change Price Change
grade B 40.87 2.18% 0.870
NEW.A closed up 2.18 percent on Thursday, January 17, 2019, on 46 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A Flat Up
See historical NEW.A trend table...

Date Alert Name Type % Chg
Jan 17 Crossed Above 50 DMA Bullish 0.00%
Jan 17 Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Jan 17 Wide Range Bar Range Expansion 0.00%
Jan 17 Multiple of Ten Bullish Other 0.00%
Jan 17 Outside Day Range Expansion 0.00%
Jan 17 Overbought Stochastic Strength 0.00%
Jan 17 Up 3 Days in a Row Strength 0.00%
Jan 16 New Uptrend Bullish 2.18%
Jan 16 Pocket Pivot Bullish Swing Setup 2.18%
Jan 16 Narrow Range Bar Range Contraction 2.18%

Older signals for NEW.A ...

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Profile
Newgrowth Corp. is a mutual fund corporation which provides holders of Class A Capital Shares with leveraged capital appreciation in the Portfolio and a dividend to the extent that dividends and distributions on the Portfolio Shares exceed the fixed dividend payable on the Series 3 Preferred Shares and the administrative and operating expenses of the Company, and holders of Series 3 Preferred Shares with a quarterly fixed cumulative preferential dividend of certain amount per Share. The Company may engage in securities lending transactions in order to generate additional returns. The Company holds a portfolio consisting of publicly listed common shares of selected Canadian chartered banks, telecommunications, oil and gas, pipeline and utility issuers. It also invests in sectors, including energy and financial services. Scotia Managed Companies Administration Inc., a subsidiary of the Company, owns all of the Class C Shares of the Company.
Is NEW.A a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 46.0
52 Week Low 35.68
Average Volume 659
200-Day Moving Average 0.0
50-Day Moving Average 40.8568
20-Day Moving Average 38.778
10-Day Moving Average 38.678
Average True Range 0.6853
ADX 24.7
+DI 50.0026
-DI 35.3344
Chandelier Exit (Long, 3 ATRs ) 38.8141
Chandelier Exit (Short, 3 ATRs ) 37.7359
Upper Bollinger Band 41.5616
Lower Bollinger Band 35.9944
Percent B (%b) 0.88
BandWidth 14.356594
MACD Line -0.242
MACD Signal Line -0.6791
MACD Histogram 0.4372
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.360
Resistance 3 (R3) 43.083 41.977 42.945
Resistance 2 (R2) 41.977 41.343 42.115 42.807
Resistance 1 (R1) 41.423 40.951 41.700 41.700 42.668
Pivot Point 40.317 40.317 40.455 40.455 40.317
Support 1 (S1) 39.763 39.683 40.040 40.040 39.072
Support 2 (S2) 38.657 39.291 38.795 38.933
Support 3 (S3) 38.103 38.657 38.795
Support 4 (S4) 38.380