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(NEU) Newmarket Corporation complete technical analysis [charts+indicators] | Buy/Sell Newmarket Corporation | (NEU) share price targets

Complete technical analysis of Newmarket Corporation (NEU) by charts plus indicators, forecast predictions and share price targets for Newmarket Corporation (NEU)

Newmarket Corporation trades in USA in Basic Industries sector.

10 day averaged volume of Newmarket Corporation is 39350

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	583.25	588.05	593.64	581.43	1.189 times
23 Tue Apr 2024	586.60	587.55	588.09	584.94	0.948 times
22 Mon Apr 2024	588.51	585.93	594.54	584.50	0.884 times
19 Fri Apr 2024	586.34	583.70	586.50	582.32	1.116 times
18 Thu Apr 2024	583.38	588.15	588.15	579.25	0.892 times
17 Wed Apr 2024	583.96	592.00	592.00	583.96	0.915 times
16 Tue Apr 2024	588.83	592.98	592.98	583.47	0.895 times
15 Mon Apr 2024	594.88	595.90	598.00	591.40	0.971 times
12 Fri Apr 2024	592.74	596.05	596.50	590.61	1.21 times
11 Thu Apr 2024	600.09	601.87	602.51	598.84	1.088 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 586.6, but if it comes above 586.6, then a intra day buy could be more profitable.
If you take a sell trade below 586.6, then use 586.6 as stoploss and 565 as target. However if you take a buy trade in stock , then use 586.6 as stoploss and 604.55 as target.

Share price targets for Newmarket Corporation (NEU)

Target Type	Value
Downside Target	521.23
Downside Target	539.83
Downside Target	551.58
Downside Target	578.33
Upside Target	613.45
Upside Target	620.68
Upside Target	624.91
Upside Target	637.40
Upside Target	638.21
Upside Target	642.67
Upside Target	650.00

Intraday share price targets for Newmarket Corporation (NEU)

Target Type	Value
Downside Intraday Target	578.27
Downside Intraday Target	573.3
Upside Intraday Target	591.38
Upside Intraday Target	599.52
Upside Intraday Target	586.41

Weekly technical analysis of Newmarket Corporation (NEU)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	583.25	585.93	594.54	581.43	0.631 times
19 Fri Apr 2024	586.34	595.90	598.00	579.25	0.895 times
12 Fri Apr 2024	592.74	622.09	624.91	590.61	1.178 times
05 Fri Apr 2024	618.27	637.40	637.40	613.45	1.187 times
28 Thu Mar 2024	634.62	625.11	638.21	620.68	1.058 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Newmarket Corporation (NEU)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	583.25	637.40	637.40	579.25	0.856 times
28 Thu Mar 2024	634.62	640.92	650.00	603.00	0.965 times
29 Thu Feb 2024	641.67	556.28	642.67	551.58	0.771 times
31 Wed Jan 2024	557.81	544.48	599.61	539.83	0.973 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Newmarket Corporation (NEU)

Price action analysis of Newmarket Corporation ( (NEU) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Newmarket Corporation ( (NEU) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newmarket Corporation ( (NEU) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newmarket Corporation ( (NEU) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Newmarket Corporation stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Newmarket Corporation in short term and the sell signal is strong.

Newmarket Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Newmarket Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Newmarket Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 589 and Newmarket Corporation (NEU) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Newmarket Corporation (NEU) stock. Volume based technical analysis of Newmarket Corporation (NEU) stock is negative.

Newmarket Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.