NATI Technical Analysis - NATIONAL INSTRUMENTS CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to NATI. 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.

Looking at the yearly performance, NATI did better than 95% of all other 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 124 other stocks in this industry. NATI outperforms 82% of them.

A new 52 week high is currently being made by NATI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NATIONAL INSTRUMENTS CORP / NATI Weekly stock chart

NATIONAL INSTRUMENTS CORP / NATI Daily stock chart

Setup Rating and Analysis

NATI has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

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.

When analyzing the resistance we notice one important 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.

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What is Support and Resistance

Support and Resistance indicators

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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 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.