Nic Inc (EGOV) Technical Analysis
NASDAQ:EGOV
Current stock price
EGOV Technical Rating and Analysis
Taking everything into account, EGOV scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EGOV is only an average performer.
- The long and short term trends are both positive. This is looking good!
- EGOV is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EGOV is leading the market.
- EGOV has an average volume of 1221010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, EGOV outperforms 43% of them, which is more or less in line with the market.
- In the last month EGOV has a been trading in a tight range between 33.61 and 34.84.
- Volume is considerably higher in the last couple of days.
EGOV Weekly and Daily overview Charts
EGOV Setup Rating and Analysis
Although EGOV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
EGOV Support and Resistance Analysis
19.03
4 important support areas can be observed.
- A support zone ranging from 33.79 to 33.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.52 to 32.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.22 from a trend line in the weekly time frame.
- Support @19.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.15 to 35.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
EGOV Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EGOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGOV is up. |
| ChartMill Relative Strength | 43.21 | NEUTRAL | EGOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62 | NEUTRAL | The RSI value for EGOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EGOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.76 | NEUTRAL | The Stochastics value for EGOV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for EGOV suggests low volalility. |
EGOV Chart- and CandleStick Pattern Analysis
EGOV Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.85 | 33.78 | 1.07 (3.07%) | 25.00% |
| An entry @34.85. This is a Buy Stop order right above the 10 day high. | An exit @33.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.07 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EGOV Technicals: Chart, Performance Metrics, Trend & Indicators
34
+0.02 (+0.06%)
Nic Inc / EGOV TA FAQ
What is the technical rating for EGOV stock?
ChartMill assigns a technical rating of 8 / 10 to EGOV.
Can you provide the trend direction for Nic Inc?
The current trend direction for Nic Inc (EGOV) is Bullish.
What is the RSI signal for EGOV stock?
Nic Inc (EGOV) has an RSI value of 62.0025. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Nic Inc?
The MACD indicator for Nic Inc (EGOV) has a value of -0.0446485, indicating a bearish trend.
What are the support and resistance levels for Nic Inc (EGOV) stock?
Nic Inc (EGOV) has a support level at 33.97 and a resistance level at 35.15. Check the full technical report for our detailed analysis of EGOV support and resistance levels.