NB BANCORP INC (NBBK) Stock Technical Analysis
NASDAQ:NBBK - Nasdaq - US63945M1071 - Common Stock - Currency: USD
Taking everything into account, NBBK scores 5 out of 10 in our technical rating. NBBK has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
NBBK is part of the Banks industry. There are 395 other stocks in this industry, of which 67% are performing better than NBBK.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NBBK has a been trading in the 15.44 - 17.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, NBBK outperforms 56% of them, which is more or less in line with the market.
NBBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NBBK is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NBBK has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.60
19.57
When analyzing the support we can see 4 important areas.
- Support @17.75 from a trend line in the weekly time frame.
- A support zone ranging from 16.65 to 17.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.33 from a trend line in the weekly time frame.
- A support zone ranging from 15.76 to 15.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 17.79 to 17.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.92 from a horizontal line in the daily time frame.
- Resistance @19.38 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NBBK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBBK is up. |
| ChartMill Relative Strength | 56.34 | NEUTRAL | NBBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NBBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NBBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.33 | NEUTRAL | The RSI value for NBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests NBBK has a positive trend. |
| Stochastics (14,3) | 95.45 | OVERBOUGHT | The high Stochastics value suggests NBBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for NBBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for NBBK suggests a possible start of a new 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)
17.78
+0.3 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.72%
1 Week9.28%
2 Weeks6.98%
1 Month5.33%
3 Month-5.38%
6 Month-3.11%
12 Month17.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%2.37%
ATR Inc0.09%
Range Today0.33
ADR(20)0.41
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.34
Mansfield-0.78
10 Day High17.8
10 Day Low16.01
20 Day High17.8
20 Day Low15.44
52 Week High21.05
52 Week Low14.84
CS1 End17.75
CR1 Start17.79
Volume & EV
DER(3)2.69%
DER(5)2.32%
Volume714.00K
Volume Incr21.7%
Vol(5)432.16K
Vol(50)265.37K