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(NEWR) New Relic complete technical analysis [charts+indicators] | Buy/Sell New Relic | (NEWR) share price targets

Complete technical analysis of New Relic (NEWR) by charts plus indicators, forecast predictions and share price targets for New Relic (NEWR)

New Relic trades in USA in Technology sector.

Showing technical analysis as on 2023-11-03 View latest technical analysis

10 day averaged volume of New Relic is 1416798

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	86.94	86.92	86.96	86.91	2.006 times
02 Thu Nov 2023	86.91	86.91	86.93	86.90	1.527 times
01 Wed Nov 2023	86.64	86.70	86.80	86.57	1.743 times
31 Tue Oct 2023	86.67	86.55	86.80	86.54	0.518 times
30 Mon Oct 2023	86.54	86.71	86.80	86.51	1.72 times
27 Fri Oct 2023	86.68	86.76	86.81	86.66	1.575 times
26 Thu Oct 2023	86.38	86.45	86.54	86.27	0.333 times
25 Wed Oct 2023	86.41	86.40	86.49	86.35	0.438 times
24 Tue Oct 2023	86.34	86.30	86.42	86.21	0.284 times
23 Mon Oct 2023	86.25	86.25	86.40	85.89	1.088 times

Stock of New Relic (NEWR) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 86.6, but if it comes below 86.6, then a intra day sell could be more profitable.
If you take a sell trade below 86.6, then use 86.6 as stoploss and 86.17 as target. However if you take a buy trade in stock , then use 86.6 as stoploss and 87.2 as target.

Share price targets for New Relic (NEWR)

Target Type	Value
Downside Target	64.89
Downside Target	83.66
Downside Target	85.90
Downside Target	85.99
Downside Target	86.03
Downside Target	86.51
Downside Target	86.57
Downside Target	86.81
Upside Target	86.96

Intraday share price targets for New Relic (NEWR)

Target Type	Value
Downside Intraday Target	86.65
Downside Intraday Target	86.35
Upside Intraday Target	87.1
Upside Intraday Target	87.25
Downside Intraday Target	86.8

Weekly technical analysis of New Relic (NEWR)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	86.94	86.71	86.96	86.51	2.021 times
27 Fri Oct 2023	86.68	86.25	86.81	85.89	0.848 times
20 Fri Oct 2023	85.70	85.87	85.90	85.08	3.117 times
13 Fri Oct 2023	85.72	85.98	86.03	85.64	0.403 times
12 Thu Oct 2023	85.92	85.85	85.99	85.67	0.794 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of New Relic (NEWR)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	86.94	86.70	86.96	86.57	0.269 times
31 Tue Oct 2023	86.67	85.72	86.81	85.08	0.688 times
29 Fri Sep 2023	85.62	85.20	85.74	85.03	0.915 times
31 Thu Aug 2023	85.11	84.00	85.20	83.66	1.836 times

Scroll below to view daily charts

Price has moved up 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 New Relic (NEWR)

Price action analysis of New Relic ( (NEWR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of New Relic ( (NEWR) ) 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 New Relic ( (NEWR) ) based on a short to mid 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 New Relic ( (NEWR) ) based on a mid to longer 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.

ADX buy sell signal for New Relic stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for New Relic in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

New Relic Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for New Relic in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 New Relic is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 86.66 and New Relic (NEWR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the New Relic (NEWR) stock. Volume based technical analysis of New Relic (NEWR) stock is negative.

New Relic Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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