VIRTUS CONVERTIBLE & INCOME (NCZ) Stock Technical Analysis
NYSE:NCZ - New York Stock Exchange, Inc. - US92838U8018 - Currency: USD
Taking everything into account, NCZ scores 6 out of 10 in our technical rating. In the last year, NCZ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, NCZ outperforms 59% of them, which is more or less in line with the market.
NCZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NCZ is lagging the market slightly.
In the last month NCZ has a been trading in a tight range between 11.90 and 12.48.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, NCZ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NCZ 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
10.62
13.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.80 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.73 to 10.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 12.22 to 12.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.52 to 12.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 13.36 to 13.37. This zone is formed by a combination of multiple trend lines 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 NCZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NCZ is up. |
| ChartMill Relative Strength | 59.33 | NEUTRAL | NCZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NCZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NCZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.94 | NEUTRAL | The RSI value for NCZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NCZ has a negative trend. |
| Stochastics (14,3) | 23.82 | NEUTRAL | The Stochastics value for NCZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for NCZ suggests low volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for NCZ 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 |
|---|---|---|---|
| 12.32 | 12.14 | 0.18 (1.46%) | 25.00% |
| An entry @12.32. This is a Buy Stop order right above the resistance zone. | An exit @12.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 1.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- The distance between exit and entry is rather small compared to the average daily movement of NCZ. 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.
12.17
-0.09 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.73%
1 Week-1.85%
2 Weeks-0.73%
1 Month-0.57%
3 Month2.53%
6 Month-3.41%
12 Month6.75%
2 Year-2.17%
3 Year-3.72%
5 Year-22.19%
10 Year-59.38%
15 Year-64.42%
Volatility
ATR(14)0.14
ATR(20)%1.22%
ATR Inc76.27%
Range Today0.16
ADR(20)0.13
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.33
Mansfield-0.43
10 Day High12.48
10 Day Low12.15
20 Day High12.48
20 Day Low11.9
52 Week High13.44
52 Week Low10.23
CS1 End12.04
CR1 Start12.22
Volume & EV
DER(3)3.77%
DER(5)-1.81%
Volume73.80K
Volume Incr-21.39%
Vol(5)39.38K
Vol(50)61.11K