EYE Technical Analysis - NATIONAL VISION HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to EYE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EYE is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that EYE is one of the better performing stocks in the market, outperforming 96% of all stocks.

EYE is one of the better performing stocks in the Specialty Retail industry, it outperforms 95% of 122 stocks in the same industry.

EYE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month EYE has a been trading in the 22.33 - 29.59 range, which is quite wide. It is currently trading near the high of this range.

EYE has an average volume of 2179020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NATIONAL VISION HOLDINGS INC / EYE Weekly stock chart

NATIONAL VISION HOLDINGS INC / EYE Daily stock chart

Setup Rating and Analysis

Although EYE 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.31

29.55

When analyzing the support we notice one important area.

A support zone ranging from 24.56 to 24.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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 EYE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EYE is up.
ChartMill Relative Strength	96.04	POSITIVE	EYE has a high relative strength, it outperformed 96.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EYE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EYE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EYE is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.35	OVERBOUGHT	The high RSI value suggests EYE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.38	POSITIVE	The MACD value suggests EYE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	95.03	OVERBOUGHT	The high Stochastics value suggests EYE may be overbought.
Average True Range in percent/ATR (20)	3.43	MEDIUM VOLATILITY	The ATR as a percentage value for EYE suggests some volalility.
Average Directional Index/ADX (14)	38.07	POSITIVE	The high ADX value value for EYE suggests a strong trend.