Technical Analysis for NEU - NewMarket Corp

Grade Last Price % Change Price Change
B 341.87 0.80% 2.72
NEU closed down 0.28 percent on Monday, January 30, 2023, on 55 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: Jan 31
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.80%
Cup with Handle Other 0.52%
NR7 Range Contraction 0.52%
Three Weeks Tight Range Contraction 0.52%
Cup with Handle Other -0.41%
MACD Bearish Signal Line Cross Bearish -0.16%
Cup with Handle Other -0.16%
Cup with Handle Other 0.18%
Overbought Stochastic Strength 0.18%
Down 3 Days in a Row Weakness 0.18%

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Alert Time
10 DMA Resistance about 2 hours ago
60 Minute Opening Range Breakout about 2 hours ago
Rose Above 10 DMA about 2 hours ago
Up 1% about 2 hours ago
20 DMA Support about 3 hours ago

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Profile

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.


Classification

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

Indicators

Indicator Value
52 Week High 351.735
52 Week Low 280.28
Average Volume 53,968
200-Day Moving Average 312.18
50-Day Moving Average 322.11
20-Day Moving Average 337.92
10-Day Moving Average 342.10
Average True Range 6.33
RSI 57.98
ADX 31.47
+DI 27.10
-DI 14.08
Chandelier Exit (Long, 3 ATRs) 331.56
Chandelier Exit (Short, 3 ATRs) 323.94
Upper Bollinger Bands 355.86
Lower Bollinger Band 319.98
Percent B (%b) 0.53
BandWidth 10.62
MACD Line 6.51
MACD Signal Line 7.53
MACD Histogram -1.0216
Fundamentals Value
Market Cap 3.7 Billion
Num Shares 10.9 Million
EPS 22.98
Price-to-Earnings (P/E) Ratio 14.76
Price-to-Sales 2.05
Price-to-Book 5.65
PEG Ratio 5.09
Dividend 7.60
Dividend Yield 2.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 347.15
Resistance 3 (R3) 348.03 346.26 345.81
Resistance 2 (R2) 346.26 344.22 345.81 345.37
Resistance 1 (R1) 342.70 342.96 341.82 341.82 344.92
Pivot Point 340.93 340.93 340.48 340.48 340.93
Support 1 (S1) 337.37 338.89 336.49 336.49 333.38
Support 2 (S2) 335.60 337.63 335.15 332.93
Support 3 (S3) 332.04 335.60 332.49
Support 4 (S4) 331.16