NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NA-PR-W - CA6330672859
Overall NA-PR-W gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NA-PR-W is showing a nice and steady performance.
Although NA-PR-W 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
21.78
4 important support areas can be observed.
- A support zone ranging from 24.64 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.52 from a trend line in the daily time frame.
- A support zone ranging from 22.65 to 22.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.12 to 25.35. 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 NA-PR-W.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NA-PR-W.CA is up. |
| ChartMill Relative Strength | 77.5 | POSITIVE | NA-PR-W.CA has a high relative strength, it outperformed 77.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NA-PR-W.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NA-PR-W.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NA-PR-W.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.21 | NEUTRAL | The RSI value for NA-PR-W.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NA-PR-W.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.24 | OVERBOUGHT | The high Stochastics value suggests NA-PR-W.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.05 | LOW VOLATILITY | The low ATR as a percentage value for NA-PR-W.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 51.92 | POSITIVE | The high ADX value value for NA-PR-W.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 25.01 | 24.95 | 0.06 (0.24%) | 25.00% |
| An entry @25.01. This is a Buy Stop order right above the 10 day high. | An exit @24.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.06%. |
- 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.
NATIONAL BANK OF CANADA - NACN 3.839 PERP
TSX:NA-PR-W (2/14/2025, 7:00:00 PM)
25
0 (0%)
NATIONAL BANK OF CANADA - NACN 3.839 PERP / NA-PR-W.CA FAQ
What is the ChartMill technical rating of NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to NA-PR-W.CA.
What is the current trend direction of NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) stock?
The current trend direction for NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) is Bullish.
What is the RSI signal for NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) stock?
NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) has an RSI value of 65.2131. This indicates that the stock is currently neutral.
What is the MACD signal for NA-PR-W stock?
The MACD indicator for NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) has a value of -0.0172804, indicating a bearish trend.
What are the support and resistance levels for NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) stock?
NATIONAL BANK OF CANADA - NACN 3.839 PERP (NA-PR-W.CA) has a support level at 24.98 and a resistance level at 25.12. Check the full technical report for our detailed analysis of NA-PR-W.CA support and resistance levels.