LocalShares Nashville Area ETF (NASH) Technical Analysis
NYSEARCA:NASH
Current stock price
NASH Technical Rating and Analysis
Taking everything into account, NASH scores 8 out of 10 in our technical rating. 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 is also trading in the upper part of its 52 week range, so NASH is performing more or less in line with the market.
- 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 compared to the yearly performance of all other stocks, NASH outperforms 69% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
NASH Weekly and Daily overview Charts
NASH Setup Rating and Analysis
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
NASH Support and Resistance Analysis
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.
NASH 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 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. |
NASH Chart- and CandleStick Pattern Analysis
NASH 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 |
|---|---|---|---|
| 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.
NASH Technicals: Chart, Performance Metrics, Trend & Indicators
LocalShares Nashville Area ETF
NYSEARCA:NASH (2/9/2018, 8:04:02 PM)
29
+0.17 (+0.59%)
LocalShares Nashville Area ETF / NASH TA 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.
Can you provide the RSI signal for LocalShares Nashville Area ETF?
LocalShares Nashville Area ETF (NASH) has an RSI value of 58.2501. This indicates that the stock is currently neutral.
What is the MACD signal for LocalShares Nashville Area ETF (NASH) stock?
The MACD indicator for LocalShares Nashville Area ETF (NASH) has a value of -0.0378817, indicating a bearish trend.
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.