New Wave Group AB (publ) (NEWA-B.ST)Stock
Consumer Cyclical · Specialty Retail · STO
New Wave Group AB (publ) (NEWA-B.ST) is a Consumer Cyclical stock listed on STO. It is currently trading at $89.45, up 2.1% over the past 30 days and down 19.2% over the past year. Cryptobi's forecasting model estimates a 0.1% decline over the next 7 days based on recent trend (model estimate, not financial advice).
New Wave Group AB (publ) (NEWA-B.ST) · Last 90 days
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Forecast
Forecast model: Damped-trend exponential smoothing · model estimate, not financial advice · updated 11 hours ago
How NEWA-B.ST ranks
- Has a deeper drawdown than 63% of tracked instruments Maximum drawdown: -35.01%
- Steadier than 50% of tracked instruments Annualised volatility: 30.02%
- Has a stronger 7-day forecast than 43% of tracked instruments 7-day forecast: -0.06%
- Has a better risk-adjusted return than 19% of tracked instruments Sharpe ratio: -0.30
Ranked against every instrument Cryptobi tracks, recomputed daily. See all rankings.
Risk Profile
Based on available price history · Sharpe ratio assumes 0% risk-free rate · updated 11 hours ago
Technical Analysis
Price is running well above its recent average - strong upward momentum.
Price z-score 2.25 (above rolling mean, window=20, threshold=2.0).
A strong downward price move, confirmed by unusually high volume.
Price z=-3.22 and volume z=2.54 (price_window=20, volume_window=20). Volume confirms spike.
Volume spiked without a matching price move - often a precursor, not yet a clear direction.
Volume z=4.16 (spike) with price z=-0.31 (normal). Unusual volume without matching price move.
The short-term trend just turned upward, crossing above the longer-term trend.
Short MA crossed above long MA (window=20); price 91.4000. Volatility filter passed.
Price broke down below its recent trading range - a bearish breakdown.
Price broke below rolling low (84.7500 < 86.1500, window=20).
Price swings just got bigger - more risk (and opportunity) either way, not a directional call.
Volatility expanded 2.1x from recent low (window=20, ratio>=2.0).
No significant event detected recently.
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