Net Element, Inc. (NETE)

[overlordpeter]

Shares Showing Positive Gains Year-To-Date Net Element, Inc. (NASDAQ:NETE)
by William Stevens — August 15, 2016

Year to date, Net Element, Inc. (NASDAQ:NETE) stock has yielded positive results for investors. So far this year the stock has jumped 1096.81% as investors are hopeful that the trend can continue into the 2nd half of 2016. Is now the right time to take profits or hold long term? Investors will be paying particularly close attention to the upcoming earnings announcement as well as what analysts are anticipating over the next couple of quarters.

Let’s look at some key indicators to assess this stock:

Technicals

Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.

Net Element, Inc.’s RSI (Relative Strength Index) is 59.20. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

RECENT PERFORMANCE

Let’s take a look at how the stock has been performing recently. Over the past twelve months, Net Element, Inc.’s stock was 1096.81%. Over the last week, it was 1.81%, 667.92% over the last quarter, and 997.56% for the past six months.

Over the past 50 days, Net Element, Inc. stock was -16.97% off of the high and 31.58% removed from the low. Their 52-Week High and Low are noted here. -29.02% (High), 4400.00%, (Low).