NFN Technical Analysis - NFON AG

Technical Rating and Analysis

Taking everything into account, NFN scores 0 out of 10 in our technical rating. NFN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

84% of all other stocks performed better in the past year than NFN.

NFN is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 79% of 30 stocks in the same industry do better.

NFN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: NFN has an average volume of 6762 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

NFN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NFN is lagging the market.

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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, NFN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.04, 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

4.94

7.41

2 important support areas can be observed.

A support zone ranging from 5.94 to 6.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.99 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 6.62 to 6.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 6.91 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @7.34 from a horizontal line in the weekly time frame.

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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 NFN.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NFN.DE is down.
ChartMill Relative Strength	16.75	NEGATIVE	NFN.DE has a low relative strength, it was outperformed by 83.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NFN.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NFN.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of NFN.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	39.61	NEUTRAL	The RSI value for NFN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests NFN.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.15	OVERSOLD	The low Stochastics value suggests NFN.DE may be oversold.
Average True Range in percent/ATR (20)	3.02	MEDIUM VOLATILITY	The ATR as a percentage value for NFN.DE suggests some volalility.
Average Directional Index/ADX (14)	36.48	POSITIVE	The high ADX value value for NFN.DE suggests a strong trend.