Here’s Why Newater Technology, Inc. (NASDAQ:NEWA) Jumped Up 1.4%

In its latest trading session, Newater Technology, Inc. (NASDAQ:NEWA) spiked up by 1.4% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 26.36, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.154, an Accumulation/Distribution Index (ADI) of 0.154, an On-Balance Volume (OBV) of 13.694, and a Chaiikin Money Flow (CMF) of -3.131. 0.887

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.