NORTHFIELD BANCORP INC (NFBK) Stock Technical Analysis
NASDAQ:NFBK - Nasdaq - US66611T1088 - Common Stock - Currency: USD
Overall NFBK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NFBK is showing a nice and steady performance.
Besides having an excellent technical rating, NFBK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.39 to 11.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.88 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.69 to 11.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.25 from a horizontal line in the daily 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 NFBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFBK is up. |
| ChartMill Relative Strength | 85.5 | POSITIVE | NFBK has a high relative strength, it outperformed 85.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFBK is above 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 | MIXED | The current price of NFBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.29 | NEUTRAL | The RSI value for NFBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NFBK has a negative trend. |
| Stochastics (14,3) | 74.94 | NEUTRAL | The Stochastics value for NFBK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for NFBK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for NFBK suggests a possible start of a new 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 |
|---|---|---|---|
| 11.95 | 11.38 | 0.57 (4.77%) | 20.96% |
| An entry @11.95. This is a Buy Stop order right above the resistance zone. | An exit @11.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.57 points, which is 4.77%. | When investing 20.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
11.68
-0.23 (-1.93%)