ETF NAME – NEW AGE BEVERAGES CORPORATION
TICKER – NBEV
About New Age Beverages Corporation NBEV
New Age Beverages Corporation is a healthy beverage company. They sell ready to drink teas, coffees, energy and relaxation drinks, etc. Their brands include
- Bucha Live Kombucha
- XingTea XingEnergy
- Marley One Drop
- Marley Mellow Mood
- Marley Mate
- Marley Cold Brew
- Aspen Pure PH
- Aspen Pure Probiotic Water brands
Their products are sold in all 50 states in the US, as well as 10 international countries. New Age Beverages Corporation has its headquarters in Denver, Colorado.
They are thought to be offering cannabidiol (CBD)-infused beverages soon, and investors are trying to decide to buy or sell this volatile stock.
NBEV has widening Bollinger Bands. This can signify an increase in volatility. Investors can expect higher highs and lower lows, and everything in between.
Fibonacci Pivot Points
The Fibonacci Pivot Points show that NBEV has support at the P point of 5.61. Below that is support S1 at 2.37
The first resistance R1 is 8.86, and above that R2 is 10.86. If it breaks above that, R3 is at 14.10.
The RSI at 66.08 shows a very slight overbought condition for NBEV. There may be some room to run, especially the RSI gets above 70.
The MACD for NBEV is in a buy signal, but the cross over was some time ago. It should be noted though that the legs are pointing upward, which can be considered a bullish trend.
The Stochastic is showing a continued uptrend. Usually the most reactive technical, watch for a sell cross over.
The ichimoku shows that NBEV is above the cloud, which just turned green not too long ago. There might be continued upward movements in NBEV, if you use the Ichimoku.
I currenlty hold no postioin in NBEV. Invest at your own risk.