Technical Analysis for NEU - NewMarket Corp

Grade Last Price % Change Price Change
A 549.18 0.73% 3.99
NEU closed up 0.73 percent on Friday, December 8, 2023, on 1.95 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 0.73%
Slingshot Bullish Bullish Swing Setup 0.73%

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NewMarket Corp Description

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives and real estate development businesses. It operates in two segments, Petroleum Additives and Real Estate Development. The Petroleum Additives segment develops, manufactures, and blends lubricant additives that are used in various vehicle and industrial applications, including engine oils, transmission fluids, gear oils, hydraulic oils, turbine oils, and in other applications where metal-to-metal moving parts are utilized. This segment also manufactures engine oil, driveline, and industrial additives. It offers petroleum additives to oil companies and refineries, original equipment manufacturers (OEMs), and other specialty chemical companies. In addition, this segment offers fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to stringent industry, government, OEM, and individual customers. The Real Estate Development segment owns and manages approximately 64 acres of real estate property in Richmond, Virginia. The company has operations in the United States, Europe, Asia, Latin America, Australia, the Middle East, and Canada. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.


Sector: Basic Materials
Industry: Specialty Chemicals
Keywords: Chemical Metals Petroleum Products Chemical Substances Biofuel Real Estate Development Gasoline Oil Refineries Oil Refining Tribology Lubricant Motor Oil Real Estate Property Engine Oil Real Estate Development Segment Gear Oil

Is NEU a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 550.41
52 Week Low 292.6536
Average Volume 35,482
200-Day Moving Average 425.93
50-Day Moving Average 487.67
20-Day Moving Average 522.67
10-Day Moving Average 533.67
Average True Range 10.04
RSI (14) 78.86
ADX 48.19
+DI 31.39
-DI 6.31
Chandelier Exit (Long, 3 ATRs) 520.30
Chandelier Exit (Short, 3 ATRs) 522.05
Upper Bollinger Bands 549.59
Lower Bollinger Band 495.75
Percent B (%b) 0.99
BandWidth 10.30
MACD Line 15.76
MACD Signal Line 14.86
MACD Histogram 0.8918
Fundamentals Value
Market Cap 6 Billion
Num Shares 10.9 Million
EPS 22.98
Price-to-Earnings (P/E) Ratio 23.90
Price-to-Sales 2.05
Price-to-Book 5.65
PEG Ratio 5.09
Dividend 7.60
Dividend Yield 1.38%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 558.17
Resistance 3 (R3) 557.58 553.99 556.67
Resistance 2 (R2) 553.99 551.71 554.29 556.17
Resistance 1 (R1) 551.59 550.29 552.79 552.18 555.67
Pivot Point 548.00 548.00 548.61 548.30 548.00
Support 1 (S1) 545.60 545.72 546.80 546.19 542.69
Support 2 (S2) 542.01 544.30 542.31 542.19
Support 3 (S3) 539.61 542.01 541.69
Support 4 (S4) 540.20