NEN Technical Analysis - NEW ENGLAND REALTY ASSOC-LP

Technical Rating and Analysis

Taking everything into account, NEN scores 0 out of 10 in our technical rating. NEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, NEN is a bad performer in the overall market: 70% of all stocks are doing better.

NEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: NEN has an average volume of 1164 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

NEN is an average performer in the Real Estate Management & Development industry, it outperforms 42% of 64 stocks in the same industry.

In the last month NEN has a been trading in a tight range between 71.00 and 73.75.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEW ENGLAND REALTY ASSOC-LP / NEN Weekly stock chart

NEW ENGLAND REALTY ASSOC-LP / NEN Daily stock chart

Setup Rating and Analysis

The technical rating of NEN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

68.41

83.83

When analyzing the support we can see 2 important areas.

A support zone ranging from 70.85 to 72.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 69.10 to 69.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 72.51 to 73.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 83.00 to 83.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 NEN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NEN is down.
ChartMill Relative Strength	30.5	NEUTRAL	NEN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NEN is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NEN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of NEN is below the rising SMA(200).
Relative Strength Index/RSI (14)	50.24	NEUTRAL	The RSI value for NEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.18	POSITIVE	The MACD value suggests NEN has a positive trend.
Stochastics (14,3)	55.7	NEUTRAL	The Stochastics value for NEN is a neutral value.
Average True Range in percent/ATR (20)	0.67	LOW VOLATILITY	The low ATR as a percentage value for NEN suggests low volalility.
Average Directional Index/ADX (14)	27.19	POSITIVE	The high ADX value value for NEN suggests a strong trend.