NORTHEAST BANK (NBN) Technical Analysis
NASDAQ:NBN • US66405S1006
Current stock price
NBN Technical Rating and Analysis
Taking everything into account, NBN scores 9 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, NBN 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 NBN is one of the better performing stocks in the market, outperforming 75% of all stocks. We also observe that the gains produced by NBN over the past year are nicely spread over this period.
- NBN is one of the better performing stocks in the Banks industry, it outperforms 70% of 376 stocks in the same industry.
- NBN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NBN is lagging the market slightly.
- NBN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NBN Weekly and Daily overview Charts
NBN Setup Rating and Analysis
NBN 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 resistance zone just above the current price starting at 125.34. Right above this resistance zone may be a good entry point.
More info and screens
NBN Support and Resistance Analysis
81.80
When analyzing the support we can see 5 important areas.
- Support @112.78 from a trend line in the daily time frame.
- A support zone ranging from 108.58 to 109.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 @86.79 from a trend line in the weekly time frame.
- Support @82.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.34 to 125.34. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for NBN is up. |
| ChartMill Relative Strength | 75.08 | POSITIVE | NBN has a high relative strength, it outperformed 75.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NBN is above 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) | 58.37 | NEUTRAL | The RSI value for NBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests NBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.66 | NEUTRAL | The Stochastics value for NBN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for NBN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.75 | NEUTRAL | The ADX value for NBN suggests a possible start of a new trend. |
NBN Chart- and CandleStick Pattern Analysis
NBN Example Setup
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 |
|---|---|---|---|
| 125.35 | 117.87 | 7.48 (5.97%) | 16.76% |
| An entry @125.35. This is a Buy Stop order right above the resistance zone. | An exit @117.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.48 points, which is 5.97%. | When investing 16.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NBN Technicals: Chart, Performance Metrics, Trend & Indicators
121.21
-1.15 (-0.94%)
NORTHEAST BANK / NBN TA FAQ
What is the ChartMill technical rating of NORTHEAST BANK (NBN) stock?
ChartMill assigns a technical rating of 9 / 10 to NBN.
Can you provide the trend direction for NORTHEAST BANK?
The current trend direction for NORTHEAST BANK (NBN) is Bullish.
What is the RSI signal for NBN stock?
NORTHEAST BANK (NBN) has an RSI value of 58.3705. This indicates that the stock is currently neutral.
What is the buy/sell signal for NORTHEAST BANK (NBN) stock?
The buy/sell signal for NORTHEAST BANK (NBN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for NORTHEAST BANK?
NORTHEAST BANK (NBN) has a support level at 112.78 and a resistance level at 125.34. Check the full technical report for our detailed analysis of NBN support and resistance levels.