NORTHEAST COMMUNITY BANCORP (NECB) Stock Technical Analysis
NASDAQ:NECB - Nasdaq - US6641211007 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month NECB has a been trading in the 21.81 - 24.70 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that NECB is one of the better performing stocks in the market, outperforming 82% of all stocks.
NECB is part of the Banks industry. There are 396 other stocks in this industry, NECB did better than 69% of them.
NECB 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 NECB is lagging the market slightly.
Although the technical rating is bad, NECB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
20.53
24.32
When analyzing the support we can see 2 important areas.
- Support @21.62 from a trend line in the weekly time frame.
- A support zone ranging from 20.74 to 20.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.53 to 24.08. 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 | DOWN | NEGATIVE | The long term trend for NECB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NECB is down. |
| ChartMill Relative Strength | 82.27 | POSITIVE | NECB has a high relative strength, it outperformed 82.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NECB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NECB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NECB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.18 | NEUTRAL | The RSI value for NECB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests NECB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.67 | OVERSOLD | The low Stochastics value suggests NECB may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for NECB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for NECB suggests a weak or negative 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)
22.39
+0.41 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.87%
1 Week-1.02%
2 Weeks-2.57%
1 Month-5.33%
3 Month-0.75%
6 Month-22.34%
12 Month32.09%
2 Year50.47%
3 Year90.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%3.08%
ATR Inc-34.7%
Range Today0.63
ADR(20)0.66
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.27
Mansfield-0.94
10 Day High23.62
10 Day Low21.81
20 Day High24.7
20 Day Low21.81
52 Week High31.72
52 Week Low16.63
CS1 End21.62
CR1 Start22.53
Volume & EV
DER(3)-2.13%
DER(5)-1.14%
Volume24.10K
Volume Incr-5.26%
Vol(5)27.48K
Vol(50)41.03K