INARI MEDICAL INC (NARI) Technical Analysis
NASDAQ:NARI • US45332Y1091
Current stock price
NARI Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to NARI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NARI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- NARI is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry. NARI outperforms 97% of them.
- NARI is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NARI is leading the market.
- NARI has an average volume of 2600310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, NARI did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month NARI has a been trading in a tight range between 79.40 and 79.99.
- Considerably lower volume is observed in the last couple of days.
NARI Weekly and Daily overview Charts
NARI Setup Rating and Analysis
Besides having an excellent technical rating, NARI also presents 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 79.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.89, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NARI Support and Resistance Analysis
43.41
5 important support areas can be observed.
- A support zone ranging from 79.45 to 79.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.05 to 54.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.08 from a horizontal line in the daily time frame.
- Support @49.00 from a horizontal line in the daily time frame.
- Support @43.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 79.98 to 79.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
NARI 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 NARI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NARI is up. |
| ChartMill Relative Strength | 95.58 | POSITIVE | NARI has a high relative strength, it outperformed 95.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NARI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NARI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NARI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.6 | OVERBOUGHT | The high RSI value suggests NARI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests NARI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.61 | OVERBOUGHT | The high Stochastics value suggests NARI may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for NARI suggests low volalility. |
| Average Directional Index/ADX (14) | 56.48 | POSITIVE | The high ADX value value for NARI suggests a strong trend. |
NARI Chart- and CandleStick Pattern Analysis
NARI 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 |
|---|---|---|---|
| 79.99 | 79.75 | 0.24 (0.30%) | 25.00% |
| An entry @79.99. This is a Buy Stop order right above the resistance zone. | An exit @79.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.24 points, which is 0.30%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- 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.
NARI Technicals: Chart, Performance Metrics, Trend & Indicators
79.97
+0.04 (+0.05%)
INARI MEDICAL INC / NARI TA FAQ
What is the technical rating for NARI stock?
ChartMill assigns a technical rating of 9 / 10 to NARI.
What is the trend direction for NARI stock?
The current trend direction for INARI MEDICAL INC (NARI) is Bullish.
What is the RSI signal for NARI stock?
INARI MEDICAL INC (NARI) has an RSI value of 79.6022. This indicates that the stock is currently overbought.
What is the buy/sell signal for NARI stock?
The buy/sell signal for INARI MEDICAL INC (NARI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for INARI MEDICAL INC?
INARI MEDICAL INC (NARI) has a support level at 79.89 and a resistance level at 79.98. Check the full technical report for our detailed analysis of NARI support and resistance levels.