NACCO INDUSTRIES-CL A (NC) Stock Technical Analysis
NYSE:NC - New York Stock Exchange, Inc. - US6295791031 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NC is showing a nice and steady performance.
Warning: NC has an average volume of 9398 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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 NC is one of the better performing stocks in the market, outperforming 73% of all stocks.
NC is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. NC outperforms 75% of them.
NC 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 NC is lagging the market slightly.
In the last month NC has a been trading in the 35.90 - 45.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
30.75
40.83
5 important support areas can be observed.
- A support zone ranging from 40.38 to 40.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.48 from a trend line in the weekly time frame.
- Support @34.22 from a trend line in the daily time frame.
- Support @32.05 from a trend line in the weekly time frame.
- Support @31.06 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 NC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NC is up. |
| ChartMill Relative Strength | 73.94 | POSITIVE | NC has a high relative strength, it outperformed 73.94% 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) | 53.23 | NEUTRAL | The RSI value for NC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests NC has a negative trend. |
| Stochastics (14,3) | 25.62 | NEUTRAL | The Stochastics value for NC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for NC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.15 | POSITIVE | The high ADX value value for NC 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 |
|---|---|---|---|
| 41.64 | 40.37 | 1.27 (3.04%) | 25.00% |
| An entry @41.64. This is a Buy Stop order right above the 10 day moving average. | An exit @40.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.27 points, which is 3.04%. | For a 0.76% 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 NC. 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.
40.43
+0.04 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.1%
1 Week-2.13%
2 Weeks-7.01%
1 Month10.86%
3 Month9.72%
6 Month29.42%
12 Month24.71%
2 Year9.3%
3 Year2.88%
5 Year85.12%
10 Year248.6%
15 Year98.77%
Volatility
ATR(14)1.79
ATR(20)%4.19%
ATR Inc-21.89%
Range Today0.95
ADR(20)1.66
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.94
Mansfield1.63
10 Day High45.5
10 Day Low39.01
20 Day High45.5
20 Day Low35.9
52 Week High45.5
52 Week Low25.19
CS1 End40.38
CR1 StartN/A
Volume & EV
DER(3)2.57%
DER(5)-0.03%
Volume2.50K
Volume Incr-46%
Vol(5)5.98K
Vol(50)9.40K