N-ABLE INC (NABL) Stock Technical Analysis
NYSE:NABL - New York Stock Exchange, Inc. - US62878D1000 - Common Stock - Currency: USD
Taking everything into account, NABL scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NABL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NABL is a bad performer in the overall market: 86% of all stocks are doing better.
NABL is one of the lesser performing stocks in the Software industry. 73% of 281 stocks in the same industry do better.
NABL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NABL has a been trading in the 7.66 - 8.45 range, which is quite wide. It is currently trading near the high of this range.
NABL has an average volume of 1041350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
NABL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.34. Right above this resistance zone may be a good entry point.
More info and screens
7.38
8.45
We found 3 important support areas.
- Support @8.30 from a horizontal line in the daily time frame.
- A support zone ranging from 7.99 to 8.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.45 to 7.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.34 to 8.37. 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 | DOWN | NEGATIVE | The long term trend for NABL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NABL is up. |
| ChartMill Relative Strength | 14.47 | NEGATIVE | NABL has a low relative strength, it was outperformed by 85.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NABL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NABL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NABL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.43 | NEUTRAL | The RSI value for NABL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NABL has a positive trend. |
| Stochastics (14,3) | 71.34 | NEUTRAL | The Stochastics value for NABL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for NABL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for NABL 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)
8.33
+0.12 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.46%
1 Week4%
2 Weeks5.58%
1 Month2.59%
3 Month16.34%
6 Month-14.04%
12 Month-38.39%
2 Year-40.8%
3 Year-15.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.48%
ATR Inc-14.63%
Range Today0.18
ADR(20)0.2
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.47
Mansfield-2.11
10 Day High8.38
10 Day Low7.83
20 Day High8.45
20 Day Low7.66
52 Week High13.64
52 Week Low6.07
CS1 End8.3
CR1 Start8.34
Volume & EV
DER(3)0.02%
DER(5)-0.64%
Volume553.40K
Volume Incr-50.47%
Vol(5)511.74K
Vol(50)1.04M