NORCRAFT COS INC (NCFT) Stock Technical Analysis
NYSE:NCFT - New York Stock Exchange, Inc. - -1
Overall NCFT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NCFT 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 NCFT is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by NCFT over the past year are nicely spread over this period.
NCFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NCFT is leading the market.
NCFT 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month NCFT has a been trading in a tight range between 25.45 and 26.24.
Besides having an excellent technical rating, NCFT 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 support zone below the current price at 25.49, a Stop Loss order could be placed below this zone.
More info and screens
20.06
26.40
4 important support areas can be observed.
- A support zone ranging from 25.48 to 25.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.08 to 23.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 21.64 to 21.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.66 to 26.14. 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 NCFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NCFT is up. |
| ChartMill Relative Strength | 91.35 | POSITIVE | NCFT has a high relative strength, it outperformed 91.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NCFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NCFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.29 | NEUTRAL | The RSI value for NCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests NCFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.33 | OVERSOLD | The low Stochastics value suggests NCFT may be oversold. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for NCFT suggests low 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)
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 |
|---|---|---|---|
| 25.67 | 25.47 | 0.20 (0.78%) | 25.00% |
| An entry @25.67. This is a Buy Stop order right above the 10 day moving average. | An exit @25.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 0.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- The distance between exit and entry is rather small compared to the average daily movement of NCFT. 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.
25.5
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.12%
2 Weeks-2.07%
1 Month-0.51%
3 Month22.13%
6 Month40.11%
12 Month54.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.94%
ATR Inc-82.93%
Range Today0.05
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
CRS91.35
Mansfield3.07
10 Day High26.24
10 Day Low25.45
20 Day High26.24
20 Day Low25.45
52 Week High26.24
52 Week Low13.09
CS1 End25.49
CR1 Start25.66
Volume & EV
DER(3)-0.9%
DER(5)-3.9%
Volume687.80K
Volume Incr78.95%
Vol(5)233.24K
Vol(50)139.55K