NFI Technical Analysis - NFI GROUP INC

Technical Rating and Analysis

Overall NFI gets a technical rating of 3 out of 10. In the last year, NFI was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, NFI is a bad performer in the overall market: 75% of all stocks are doing better.

In the last month NFI has a been trading in the 17.74 - 19.02 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

NFI 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 NFI is lagging the market slightly.

NFI is an average performer in the Machinery industry, it outperforms 54% of 23 stocks in the same industry.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, NFI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 17.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.56

20.05

When analyzing the support we notice one important area.

A support zone ranging from 17.74 to 17.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 18.24 to 18.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 19.18 to 19.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 19.68 to 19.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for NFI.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NFI.CA is neutral.
ChartMill Relative Strength	25.48	NEGATIVE	NFI.CA has a low relative strength, it was outperformed by 74.52% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NFI.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NFI.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NFI.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	39.48	NEUTRAL	The RSI value for NFI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests NFI.CA has a negative trend.
Stochastics (14,3)	30.61	NEUTRAL	The Stochastics value for NFI.CA is a neutral value.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for NFI.CA suggests some volalility.
Average Directional Index/ADX (14)	14.58	NEGATIVE	The low ADX value for NFI.CA suggests a weak or negative trend.