NORDSTROM INC (JWN) Technical Analysis
NYSE:JWN • US6556641008
Current stock price
JWN Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to JWN. 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. We also observe that the gains produced by JWN over the past year are nicely spread over this period.
- JWN is part of the Broadline Retail industry. There are 30 other stocks in this industry. JWN outperforms 79% of them.
- 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.
- 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 Weekly and Daily overview Charts
JWN Setup Rating and Analysis
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
JWN Support and Resistance Analysis
21.86
We found 4 important support 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.
When analyzing the resistance we notice one important 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.
JWN 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 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. |
JWN Chart- and CandleStick Pattern Analysis
JWN 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 |
|---|---|---|---|
| 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 trade has a worst case loss of 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.
JWN Technicals: Chart, Performance Metrics, Trend & Indicators
24.66
+0.02 (+0.08%)
NORDSTROM INC / JWN TA FAQ
What is the ChartMill technical rating of NORDSTROM INC (JWN) stock?
ChartMill assigns a technical rating of 9 / 10 to JWN.
What is the current trend direction of NORDSTROM INC (JWN) stock?
The current trend direction for NORDSTROM INC (JWN) is Bullish.
What is the RSI signal for JWN stock?
NORDSTROM INC (JWN) has an RSI value of 66.4642. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORDSTROM INC?
The MACD indicator for NORDSTROM INC (JWN) has a value of 0.0396388, indicating a bearish trend.
What is the short term momentum for NORDSTROM INC (JWN) stock?
The short term momentum for NORDSTROM INC (JWN) is positive.