NICOLET BANKSHARES INC (NCBS) Stock Technical Analysis
NASDAQ:NCBS - Nasdaq - US65406E1029 - Common Stock
Taking everything into account, NCBS scores 1 out of 10 in our technical rating. NCBS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
NCBS is one of the lesser performing stocks in the Banks industry. 61% of 396 stocks in the same industry do better.
NCBS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NCBS has a been trading in the 73.81 - 85.85 range, which is quite wide. It is currently trading near the lows of this range.
When compared to the yearly performance of all other stocks, NCBS outperforms 45% of them, which is more or less in line with the market.
NCBS has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
68.91
97.24
We found 2 important support areas.
- A support zone ranging from 74.56 to 75.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.61 to 69.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 78.02 to 79.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 87.15 to 87.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @96.28 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 | DOWN | NEGATIVE | The long term trend for NCBS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NCBS is down. |
| ChartMill Relative Strength | 45.77 | NEUTRAL | NCBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NCBS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NCBS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.46 | NEUTRAL | The RSI value for NCBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NCBS has a positive trend. |
| Stochastics (14,3) | 25.69 | NEUTRAL | The Stochastics value for NCBS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for NCBS suggests some volalility. |
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)
NASDAQ:NCBS (5/23/2022, 8:00:02 PM)
78.01
+2.66 (+3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.53%
1 Week2.87%
2 Weeks-1.4%
1 Month-8.14%
3 Month-18.23%
6 Month9.67%
12 Month-1.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%3.15%
ATR Inc-8.85%
Range Today3.31
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.77
Mansfield0.73
10 Day High81.02
10 Day Low73.81
20 Day High85.85
20 Day Low73.81
52 Week High98.2
52 Week Low68.07
CS1 End75.09
CR1 Start78.02
Volume & EV
DER(3)1.03%
DER(5)1.26%
Volume70.50K
Volume Incr3.39%
Vol(5)53.26K
Vol(50)49.24K