We assign a technical rating of 8 out of 10 to NBBK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NBBK is only an average performer.
NBBK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.59, a Stop Loss order could be placed below this zone.
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16.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.59 to 20.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.29 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.32 to 17.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.84 to 16.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.01 to 21.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 NBBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBBK is up. |
| ChartMill Relative Strength | 75.69 | POSITIVE | NBBK has a high relative strength, it outperformed 75.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NBBK is below 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) | UP | POSITIVE | The current price of NBBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.36 | NEUTRAL | The RSI value for NBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NBBK has a negative trend. |
| Stochastics (14,3) | 47.86 | NEUTRAL | The Stochastics value for NBBK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for NBBK suggests low volalility. |
| Average Directional Index/ADX (14) | 35.59 | POSITIVE | The high ADX value value for NBBK suggests a strong trend. |
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 |
|---|---|---|---|
| 21.02 | 20.58 | 0.44 (2.07%) | 25.00% |
| An entry @21.02. This is a Buy Stop order right above the 10 day moving average. | An exit @20.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 2.07%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NBBK. Please evaluate whether better entry and exit points can be found.
- 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.
20.6
-0.19 (-0.91%)
NB BANCORP INC / NBBK FAQ
What is the ChartMill technical rating of NB BANCORP INC (NBBK) stock?
ChartMill assigns a technical rating of 8 / 10 to NBBK.
Can you provide the trend direction for NB BANCORP INC?
The current trend direction for NB BANCORP INC (NBBK) is Bullish.
Can you provide the RSI signal for NB BANCORP INC?
NB BANCORP INC (NBBK) has an RSI value of 56.3594. This indicates that the stock is currently neutral.
What is the buy/sell signal for NB BANCORP INC (NBBK) stock?
The buy/sell signal for NB BANCORP INC (NBBK) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for NB BANCORP INC?
NB BANCORP INC (NBBK) has a support level at 20.59 and a resistance level at 21.01. Check the full technical report for our detailed analysis of NBBK support and resistance levels.