NASDAQ:NECB - Nasdaq - US6641211007 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NECB. Although NECB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, NECB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NECB in the last couple of days, which is a good sign.
20.53
When analyzing the support we can see 2 important areas.
2 important resistance areas can be observed.
22.68
+0.4 (+1.8%)