NACCO INDUSTRIES-CL A (NC) Stock Technical Analysis
USA - NYSE:NC - US6295791031 - Common Stock
Taking everything into account, NC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NC has proven to be a steady performer, scoring decent points in every aspect analyzed.
NC 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 a resistance zone just above the current price starting at 43.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.23, a Stop Loss order could be placed below this zone.
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35.22
6 important support areas can be observed.
- A support zone ranging from 40.97 to 41.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.88 to 40.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.40 from a trend line in the daily time frame.
- Support @37.74 from a horizontal line in the daily time frame.
- Support @36.51 from a horizontal line in the weekly time frame.
- Support @35.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.80 to 44.96. 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 NC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NC is neutral. |
| ChartMill Relative Strength | 83.39 | POSITIVE | NC has a high relative strength, it outperformed 83.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for NC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NC has a negative trend. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for NC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for NC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.21 | POSITIVE | The high ADX value value for NC 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 |
|---|---|---|---|
| 43.81 | 41.75 | 2.07 (4.72%) | 21.18% |
| An entry @43.81. This is a Buy Stop order right above the 10 day moving average. | An exit @41.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.07 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.18% of your capital in this trade. |
- 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.
42.28
+0.25 (+0.59%)
NACCO INDUSTRIES-CL A / NC FAQ
What is the technical rating for NC stock?
ChartMill assigns a technical rating of 10 / 10 to NC.
What is the current trend direction of NACCO INDUSTRIES-CL A (NC) stock?
The current trend direction for NACCO INDUSTRIES-CL A (NC) is Bullish.
Can you provide the RSI signal for NACCO INDUSTRIES-CL A?
NACCO INDUSTRIES-CL A (NC) has an RSI value of 49.6411. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NACCO INDUSTRIES-CL A?
The MACD indicator for NACCO INDUSTRIES-CL A (NC) has a value of -0.130839, indicating a bearish trend.
Can you provide the short term momentum for NACCO INDUSTRIES-CL A?
The short term momentum for NACCO INDUSTRIES-CL A (NC) is neutral.