NATIONAL INSTRUMENTS CORP (NATI) Stock Technical Analysis
NASDAQ:NATI - Nasdaq - US6365181022 - Common Stock - Currency: USD
Taking everything into account, NATI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NATI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NATI is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, NATI also shows a nice and consistent pattern of rising prices.
NATI is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. NATI outperforms 81% of them.
NATI 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 NATI is leading the market.
NATI has an average volume of 1408640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NATI has a been trading in a tight range between 59.53 and 59.99.
Volume is considerably higher in the last couple of days.
Although NATI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.17
60.87
We found 3 important support areas.
- A support zone ranging from 58.89 to 59.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.87 to 55.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.99 to 60.27. 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 NATI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NATI is up. |
| ChartMill Relative Strength | 95.64 | POSITIVE | NATI has a high relative strength, it outperformed 95.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NATI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NATI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NATI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.81 | NEUTRAL | The RSI value for NATI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NATI has a positive trend. |
| Stochastics (14,3) | 81.22 | OVERBOUGHT | The high Stochastics value suggests NATI may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for NATI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.95 | POSITIVE | The high ADX value value for NATI suggests a strong 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)
59.98
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0%
1 Week0.38%
2 Weeks0.65%
1 Month0.52%
3 Month5.93%
6 Month3.18%
12 Month59.78%
2 Year41.23%
3 Year91.75%
5 Year22.48%
10 Year106.47%
15 Year254.21%
Volatility
ATR(14)0.13
ATR(20)%0.19%
ATR Inc56.05%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.64
Mansfield1.02
10 Day High59.99
10 Day Low59.55
20 Day High59.99
20 Day Low59.53
52 Week High59.99
52 Week Low34.97
CS1 End59.81
CR1 Start59.99
Volume & EV
DER(3)-1.09%
DER(5)-0.48%
Volume5.08M
Volume Incr69.11%
Vol(5)1.94M
Vol(50)1.41M