Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of NEWR will rise by +0.80% over the next 2 Weeks and hit $87.68 by Tuesday, November 21, 2023. In that time frame, NEWR's share price is expected to range between $85.95 and $89.50.
BearishAverageBullishNEWR shares rose +0.02% in Tuesday, November 7, 2023's trading session, rising from a previous close of $86.97 to move at $86.99. The stock demonstrated notable intraday movement (see NEWR's key stats for a full breakdown), fluctuating between $86.97 and $87.01, a +0.05% trading range. While recent weeks have seen some volatility, NEWR has managed to secure a +0.67% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 3.42M shares changing hands, 2.16M more than the previous session. This amounted to $297.38M in total market activity.
Will NEWR Continue Its Upward Trend?
According to analyst ratings and projections for NEWR, New Relic, Inc. shares are anticipated to increase by +1.62%, potentially reaching $88.43 per share by November 21, 2023. Short-term technical indicators currently suggest a neutral sentiment for NEWR. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 17 positive trading days within the past 30 sessions. Based on the NEWR stock forecast, now is a good time to buy NEWR stock because its current trading price is -0.74% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on NEWR covering social and institutional perspectives.
NEWR Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into NEWR's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 72.40% to 77.85%) indicate the stock is in a strong bullish momentum phase. The 50-day RSI, at 62.35%, suggests strong medium-term momentum. However, the 100-day RSI, at 56.90%, maintains a neutral outlook for the long term. Insights into NEWR's shareholder base show how institutional investors are positioning themselves during these momentum shifts
New Relic, Inc. Monthly Forecast 2024
September 2024
According to our latest forecast models, New Relic, Inc. (NEWR) is positioned to show a strong performance in September 2024. The price is predicted to move between $66.34 and $90.02, settling at an average of $77.16. This could translate to a -11.30% loss.
October 2024
Based on current market signals, New Relic, Inc. is projected to trend october 2024. We forecast a trading range from $68.12 to $90.16, with a likely average price of $78.48. Investors could expect a potential return of -9.78%.
November 2024
Our predictive algorithms indicate New Relic, Inc. stock may see a shift in November 2024. The expected range spans $68.28–$80.09, with an average target of $74.22. This represents a cautious outlook and a possible loss of -14.68%.
NEWR's history of dividends and stock splits also plays a role in long-term investor confidence.