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Is NEWT primed for downward momentum? 180 Bearish Setup shows up after dropping 3.41%

SwingTradeBot Nightly Stock Scan: Newtek Business Services Inc. (NEWT) — Technical Patterns & Alerts · Aug 28, 2026, 17:35 ET
NEWT posted a 3.41% loss on Friday, August 28th, accompanied by 4.6× normal trading volume. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — 180 Bearish Setup, Expansion Breakdown & Reversal New Lows Setup — suggesting potential weakness ahead. Key support levels exist at 11.71, 11.52 & 11.18, with resistance at 12.24, 12.57 & 12.76. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of NEWT: D

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NewtekOne, Inc. (NEWT)