NORTHFIELD BANCORP INC (NFBK) Stock Technical Analysis
NASDAQ:NFBK • US66611T1088
Taking everything into account, NFBK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NFBK is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- NFBK is one of the better performing stocks in the Banks industry, it outperforms 80% of 379 stocks in the same industry.
- NFBK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NFBK is lagging the market slightly.
- NFBK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that NFBK is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, NFBK also presents a decent setup pattern. Prices have been consolidating lately. 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 13.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.33, a Stop Loss order could be placed below this zone.
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10.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.32 to 13.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.49 to 12.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.93 from a horizontal line in the daily time frame.
- Support @10.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.78 to 13.88. 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 NFBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFBK is up. |
| ChartMill Relative Strength | 77.02 | POSITIVE | NFBK has a high relative strength, it outperformed 77.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NFBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.23 | NEUTRAL | The RSI value for NFBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NFBK has a negative trend. |
| Stochastics (14,3) | 32.33 | NEUTRAL | The Stochastics value for NFBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NFBK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for NFBK suggests a strong trend. |
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 |
|---|---|---|---|
| 13.49 | 13.31 | 0.18 (1.32%) | 25.00% |
| An entry @13.49. This is a Buy Stop order right above the 10 day moving average. | An exit @13.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 1.32%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NFBK. 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.
13.34
-0.22 (-1.62%)
NORTHFIELD BANCORP INC / NFBK FAQ
What is the technical rating for NFBK stock?
ChartMill assigns a technical rating of 8 / 10 to NFBK.
What is the current trend direction of NORTHFIELD BANCORP INC (NFBK) stock?
The current trend direction for NORTHFIELD BANCORP INC (NFBK) is Bullish.
What is the RSI signal for NFBK stock?
NORTHFIELD BANCORP INC (NFBK) has an RSI value of 55.2344. This indicates that the stock is currently neutral.
What is the MACD signal for NORTHFIELD BANCORP INC (NFBK) stock?
The MACD indicator for NORTHFIELD BANCORP INC (NFBK) has a value of -0.0831555, indicating a bearish trend.
What is the short term momentum for NFBK stock?
The short term momentum for NORTHFIELD BANCORP INC (NFBK) is positive.