NORTHEAST BANK (NBN) Stock Technical Analysis
NASDAQ:NBN - Nasdaq - US66405S1006 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NBN. NBN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NBN did better than 79% of all other stocks.
NBN is part of the Banks industry. There are 394 other stocks in this industry. NBN outperforms 79% of them.
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.
In the last month NBN has a been trading in the 80.45 - 98.80 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.
NBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
81.08
101.42
When analyzing the support we can see 2 important areas.
- Support @95.23 from a horizontal line in the daily time frame.
- A support zone ranging from 81.90 to 82.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @98.50 from a trend line in the daily time frame.
- Resistance @100.42 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 | 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 | 79.95 | POSITIVE | NBN has a high relative strength, it outperformed 79.95% 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) | UP | POSITIVE | The current price of NBN is above the rising 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) | 62.57 | NEUTRAL | The RSI value for NBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests NBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.11 | NEUTRAL | The Stochastics value for NBN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for NBN suggests some volalility. |
| Average Directional Index/ADX (14) | 32.14 | POSITIVE | The high ADX value value for NBN suggests a strong 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)
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 |
|---|---|---|---|
| 98.51 | 95.22 | 3.29 (3.34%) | 25.00% |
| An entry @98.51. This is a Buy Stop order right above the resistance zone. | An exit @95.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.29 points, which is 3.34%. | For a 0.83% 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 NBN. 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.
95.94
+0.46 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.48%
1 Week-0.85%
2 Weeks1.73%
1 Month17.76%
3 Month7.73%
6 Month-4.92%
12 Month39%
2 Year101.39%
3 Year141.06%
5 Year403.89%
10 Year824.28%
15 Year643.15%
Volatility
ATR(14)2.55
ATR(20)%2.7%
ATR Inc-2.47%
Range Today2.13
ADR(20)2.55
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.95
Mansfield0.13
10 Day High98.8
10 Day Low93.9
20 Day High98.8
20 Day Low80.45
52 Week High110.35
52 Week Low61.74
CS1 End95.23
CR1 Start98.5
Volume & EV
DER(3)-1.39%
DER(5)-0.71%
Volume55.40K
Volume Incr17.09%
Vol(5)129.40K
Vol(50)79.87K