NCNO Technical Analysis - NCINO INC

Technical Rating and Analysis

Overall NCNO gets a technical rating of 0 out of 10. NCNO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, NCNO is a bad performer in the overall market: 88% of all stocks are doing better.

NCNO is one of the lesser performing stocks in the Software industry. 72% of 281 stocks in the same industry do better.

NCNO 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 NCNO has a been trading in the 25.30 - 31.93 range, which is quite wide. It is currently trading near the lows of this range.

NCNO has an average volume of 1923340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of NCNO is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.33

32.87

When analyzing the support we notice one important area.

A support zone ranging from 25.59 to 25.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 28.12 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @30.62 from a trend line in the weekly time frame.
Resistance @31.65 from a trend line in the weekly time frame.
A resistance zone ranging from 32.23 to 32.54. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 NCNO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NCNO is down.
ChartMill Relative Strength	12.4	NEGATIVE	NCNO has a low relative strength, it was outperformed by 87.6% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NCNO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NCNO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NCNO is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.69	OVERSOLD	The low RSI value suggests NCNO may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.41	NEGATIVE	The MACD value suggests NCNO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.82	OVERSOLD	The low Stochastics value suggests NCNO may be oversold.
Average True Range in percent/ATR (20)	3.68	MEDIUM VOLATILITY	The ATR as a percentage value for NCNO suggests some volalility.
Average Directional Index/ADX (14)	27.51	POSITIVE	The high ADX value value for NCNO suggests a strong trend.