NORDSTROM INC (JWN) Stock Technical Analysis
NYSE:JWN - New York Stock Exchange, Inc. - US6556641008 - Common Stock - Currency: USD
Taking everything into account, JWN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JWN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, JWN did better than 76% of all other stocks. On top of that, JWN also shows a nice and consistent pattern of rising prices.
JWN 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 JWN is leading the market.
JWN has an average volume of 5448390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
JWN is an average performer in the Broadline Retail industry, it outperforms 66% of 28 stocks in the same industry.
In the last month JWN has a been trading in a tight range between 23.90 and 24.69.
Volume is considerably higher in the last couple of days.
JWN has an excellent technical rating, but the quality of the setup is only medium 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
21.86
25.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.11 to 24.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.11 to 23.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.54 from a horizontal line in the daily time frame.
- Support @22.08 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.67 to 24.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 JWN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JWN is up. |
| ChartMill Relative Strength | 76.01 | POSITIVE | JWN has a high relative strength, it outperformed 76.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.46 | NEUTRAL | The RSI value for JWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests JWN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.4 | OVERBOUGHT | The high Stochastics value suggests JWN may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for JWN suggests low volalility. |
| Average Directional Index/ADX (14) | 17.93 | NEGATIVE | The low ADX value for JWN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 24.91 | 24.13 | 0.78 (3.13%) | 25.00% |
| An entry @24.91. This is a Buy Stop order right above the resistance zone. | An exit @24.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.78 points, which is 3.13%. | For a 0.78% 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.
24.66
+0.02 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.08%
1 Week0.37%
2 Weeks1.86%
1 Month2.49%
3 Month1.4%
6 Month6.11%
12 Month14.59%
2 Year61.18%
3 Year-6.7%
5 Year52.88%
10 Year-66.05%
15 Year-37.88%
Volatility
ATR(14)0.15
ATR(20)%0.63%
ATR Inc28.33%
Range Today0.07
ADR(20)0.15
ADR(20)%0.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.01
Mansfield0.16
10 Day High24.69
10 Day Low24.14
20 Day High24.69
20 Day Low23.9
52 Week High24.99
52 Week Low19.45
CS1 End24.52
CR1 Start24.67
Volume & EV
DER(3)0.05%
DER(5)2.67%
Volume50.70M
Volume Incr512.33%
Vol(5)19.92M
Vol(50)5.45M