NORTHEAST BANK (NBN) Technical Analysis
NASDAQ:NBN • US66405S1006
Current stock price
NBN Technical Rating and Analysis
Overall NBN gets a technical rating of 3 out of 10. NBN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- NBN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, NBN did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- NBN is part of the Banks industry. There are 381 other stocks in this industry, NBN did better than 66% of them.
- NBN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NBN is lagging the market slightly.
NBN Weekly and Daily overview Charts
NBN Setup Rating and Analysis
Although the technical rating is bad, NBN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 106.14, a Stop Loss order could be placed below this zone.
More info and screens
NBN Support and Resistance Analysis
80.66
We found 3 important support areas.
- A support zone ranging from 106.14 to 106.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.28 from a trend line in the weekly time frame.
- A support zone ranging from 81.47 to 82.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.19 to 109.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NBN 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 NBN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBN is down. |
| ChartMill Relative Strength | 71.07 | POSITIVE | NBN has a high relative strength, it outperformed 71.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.76 | NEUTRAL | The RSI value for NBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests NBN has a negative trend. |
| Stochastics (14,3) | 29.49 | NEUTRAL | The Stochastics value for NBN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for NBN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for NBN suggests a weak or negative trend. |
NBN Chart- and CandleStick Pattern Analysis
NBN Technicals: Chart, Performance Metrics, Trend & Indicators
106.34
-1.32 (-1.23%)
NORTHEAST BANK / NBN TA FAQ
What is the ChartMill technical rating of NORTHEAST BANK (NBN) stock?
ChartMill assigns a technical rating of 3 / 10 to NBN.
Can you provide the trend direction for NORTHEAST BANK?
The current trend direction for NORTHEAST BANK (NBN) is Bullish.
Can you provide the RSI signal for NORTHEAST BANK?
NORTHEAST BANK (NBN) has an RSI value of 37.7591. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORTHEAST BANK?
The MACD indicator for NORTHEAST BANK (NBN) has a value of -0.256658, indicating a bearish trend.
What are the support and resistance levels for NORTHEAST BANK (NBN) stock?
NORTHEAST BANK (NBN) has a support level at 106.14 and a resistance level at 107.19. Check the full technical report for our detailed analysis of NBN support and resistance levels.