We assign a technical rating of 8 out of 10 to NASH. Although NASH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, NASH 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 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. 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
24.37
We found 3 important support areas.
- 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.
When analyzing the resistance we notice one important 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 trade has a worst case loss of 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.
Can you provide the trend direction for LocalShares Nashville Area ETF?
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.
What is the short term momentum for NASH stock?
The short term momentum for LocalShares Nashville Area ETF (NASH) is positive.
Can you provide the support and resistance levels for LocalShares Nashville Area ETF?
LocalShares Nashville Area ETF (NASH) has a support level at 28.96 and a resistance level at 29.19. Check the full technical report for our detailed analysis of NASH support and resistance levels.