NCINO INC (NCNO) Stock Technical Analysis
NASDAQ:NCNO - Nasdaq - US63947X1019 - Common Stock - Currency: USD
Overall NCNO gets a technical rating of 6 out of 10. NCNO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NCNO has a been trading in the 25.89 - 28.89 range, which is quite wide. It is currently trading near the high of this range.
NCNO has an average volume of 1852380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NCNO outperforms 55% of them, which is more or less in line with the market.
NCNO is part of the Software industry. There are 282 other stocks in this industry, NCNO did better than 48% of them.
NCNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NCNO is lagging the market.
NCNO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 27.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
25.86
28.99
When analyzing the support we notice one important area.
- A support zone ranging from 26.12 to 27.32. 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 | NEUTRAL | NEUTRAL | The long term trend for NCNO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NCNO is up. |
| ChartMill Relative Strength | 55.42 | NEUTRAL | NCNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NCNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NCNO is above the rising 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) | 68.01 | NEUTRAL | The RSI value for NCNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NCNO has a positive trend. |
| Stochastics (14,3) | 86.68 | OVERBOUGHT | The high Stochastics value suggests NCNO may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NCNO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for NCNO 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 |
|---|---|---|---|
| 28.90 | 25.88 | 3.02 (10.45%) | 9.57% |
| An entry @28.90. This is a Buy Stop order right above the 10 day high. | An exit @25.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.02 points, which is 10.45%. | When investing 9.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
28.7
+0.73 (+2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.61%
1 Week4.86%
2 Weeks7.09%
1 Month5.4%
3 Month33.8%
6 Month-15.76%
12 Month-8.89%
2 Year-11.28%
3 Year-11.12%
5 Year-63.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%2.52%
ATR Inc8.5%
Range Today0.9
ADR(20)0.71
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.42
Mansfield-1.56
10 Day High28.89
10 Day Low25.89
20 Day High28.89
20 Day Low25.89
52 Week High43.2
52 Week Low18.75
CS1 End27.32
CR1 StartN/A
Volume & EV
DER(3)1.38%
DER(5)1.56%
Volume813.60K
Volume Incr15.82%
Vol(5)1.86M
Vol(50)1.85M