INTERCONT CAYMAN LTD (NCT) Stock Technical Analysis
NASDAQ:NCT - Nasdaq - KYG480491037 - Common Stock - Currency: USD
Overall NCT gets a technical rating of 1 out of 10. In the last year, NCT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, NCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.97. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.34
We found 2 important support areas.
- Support @3.49 from a trend line in the daily time frame.
- Support @3.37 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.97 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.85 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 NCT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NCT is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NCT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NCT is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 45.32 | NEUTRAL | The RSI value for NCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NCT has a negative trend. |
| Stochastics (14,3) | 36.49 | NEUTRAL | The Stochastics value for NCT is a neutral value. |
| Average True Range in percent/ATR (20) | 14.56 | HIGH VOLATILITY | The high ATR as a percentage value for NCT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.49 | NEGATIVE | The low ADX value for NCT suggests a weak or negative trend. |
3.62
-0.06 (-1.63%)