We assign a technical rating of 8 out of 10 to NASH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NASH is only an average performer.
- Warning: NASH has an average volume of 2346 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- NASH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NASH is lagging the market slightly.
- In the last month NASH has a been trading in the 27.63 - 29.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, NASH turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- Volume is considerably higher in the last couple of days.
NASH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.37
3 important support areas can be observed.
- A support zone ranging from 27.62 to 28.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.34 to 25.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.19 to 29.30. 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 NASH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NASH is up. |
| ChartMill Relative Strength | 69.61 | NEUTRAL | NASH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NASH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NASH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NASH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.25 | NEUTRAL | The RSI value for NASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NASH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.87 | NEUTRAL | The Stochastics value for NASH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NASH suggests some volalility. |
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 |
|---|---|---|---|
| 29.31 | 27.79 | 1.52 (5.19%) | 19.28% |
| An entry @29.31. This is a Buy Stop order right above the resistance zone. | An exit @27.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.52 points, which is 5.19%. | For a 1.00% total portfolio risk, you can invest 19.28% 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.
LocalShares Nashville Area ETF
NYSEARCA:NASH (2/9/2018, 8:04:02 PM)
29
+0.17 (+0.59%)
LocalShares Nashville Area ETF / NASH FAQ
Can you provide the ChartMill technical rating for LocalShares Nashville Area ETF?
ChartMill assigns a technical rating of 8 / 10 to NASH.
What is the trend direction for NASH stock?
The current trend direction for LocalShares Nashville Area ETF (NASH) is Bullish.
What is the RSI signal for LocalShares Nashville Area ETF (NASH) stock?
LocalShares Nashville Area ETF (NASH) has an RSI value of 58.2501. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LocalShares Nashville Area ETF?
The MACD indicator for LocalShares Nashville Area ETF (NASH) has a value of -0.0378817, indicating a bearish trend.
What is the short term momentum for NASH stock?
The short term momentum for LocalShares Nashville Area ETF (NASH) is positive.