ENDURO RTY TR (NDRO) Stock Technical Analysis
NYSE:NDRO - New York Stock Exchange, Inc. - US29269K1007
Overall NDRO gets a technical rating of 8 out of 10. Although NDRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, NDRO 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 resistance zone just above the current price starting at 3.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.65, a Stop Loss order could be placed below this zone.
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3.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.61 to 3.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.50 to 3.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.40 from a trend line in the daily time frame.
- A support zone ranging from 3.21 to 3.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.66 to 3.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.81 from a horizontal line in the daily time frame.
- Resistance @3.91 from a horizontal line in the weekly 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 NDRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NDRO is up. |
| ChartMill Relative Strength | 71.69 | POSITIVE | NDRO has a high relative strength, it outperformed 71.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NDRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NDRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NDRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.02 | NEUTRAL | The RSI value for NDRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NDRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.85 | NEUTRAL | The Stochastics value for NDRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for NDRO suggests some volalility. |
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 |
|---|---|---|---|
| 3.70 | 3.60 | 0.10 (2.70%) | 25.00% |
| An entry @3.70. This is a Buy Stop order right above the resistance zone. | An exit @3.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of NDRO. 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.
3.65
+0.05 (+1.39%)