NATIONAL HEALTHCARE CORP (NHC) Stock Technical Analysis
NYSEARCA:NHC - NYSE Arca - US6359061008 - Common Stock - Currency: USD
Overall NHC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NHC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NHC has a been trading in the 99.91 - 109.67 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, NHC turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
NHC is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, NHC did better than 58% of them.
NHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NHC is lagging the market.
Besides having an excellent technical rating, NHC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 108.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 108.18, a Stop Loss order could be placed below this zone.
More info and screens
88.25
110.14
5 important support areas can be observed.
- A support zone ranging from 105.01 to 108.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 101.59 to 103.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 94.52 to 95.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.62 to 90.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @89.14 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 108.61 to 109.05. 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 NHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHC is up. |
| ChartMill Relative Strength | 42.75 | NEUTRAL | NHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NHC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.62 | NEUTRAL | The RSI value for NHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.58 | OVERBOUGHT | The high Stochastics value suggests NHC may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for NHC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for NHC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 109.06 | 105.00 | 4.06 (3.72%) | 25.00% |
| An entry @109.06. This is a Buy Stop order right above the resistance zone. | An exit @105.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.06 points, which is 3.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of NHC. 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.
108.44
-0.32 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.29%
1 Week-0.56%
2 Weeks2.26%
1 Month3.89%
3 Month16.74%
6 Month1.54%
12 Month-5.09%
2 Year83.73%
3 Year52.67%
5 Year82.81%
10 Year71.58%
15 Year210.54%
Volatility
ATR(14)3
ATR(20)%2.57%
ATR Inc-15.94%
Range Today2.36
ADR(20)2.74
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.75
Mansfield-1.04
10 Day High109.68
10 Day Low101.25
20 Day High109.68
20 Day Low99.91
52 Week High138.49
52 Week Low89.14
CS1 End108.18
CR1 Start108.61
Volume & EV
DER(3)0.62%
DER(5)0.12%
Volume49.00K
Volume Incr-8.3%
Vol(5)70.80K
Vol(50)57.89K