NATIONAL HEALTHCARE CORP (NHC) Technical Analysis
NYSEARCA:NHC • US6359061008
Current stock price
NHC Technical Rating and Analysis
Taking everything into account, NHC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NHC is showing a nice and steady performance.
- In the last month NHC has a been trading in the 152.15 - 174.54 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, NHC did better than 92% of all other stocks. On top of that, NHC also shows a nice and consistent pattern of rising prices.
- NHC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 86% of 101 stocks in the same industry.
- NHC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NHC is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days.
NHC Weekly and Daily overview Charts
NHC Setup Rating and Analysis
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 support zone below the current price at 158.80, 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
NHC Support and Resistance Analysis
100.25
3 important support areas can be observed.
- A support zone ranging from 153.00 to 158.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 143.89 to 145.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 159.37 to 162.14. 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 169.69 to 169.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @172.84 from a horizontal line in the daily time frame.
NHC 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 NHC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NHC is neutral. |
| ChartMill Relative Strength | 92.23 | POSITIVE | NHC has a high relative strength, it outperformed 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NHC is below 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) | UP | POSITIVE | The current price of NHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.82 | NEUTRAL | The RSI value for NHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.25 | NEGATIVE | The MACD value suggests NHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.51 | NEUTRAL | The Stochastics value for NHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for NHC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for NHC suggests a possible start of a new trend. |
NHC Chart- and CandleStick Pattern Analysis
NHC Example Setup
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 |
|---|---|---|---|
| 162.15 | 152.99 | 9.16 (5.65%) | 17.70% |
| An entry @162.15. This is a Buy Stop order right above the resistance zone. | An exit @152.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.16 points, which is 5.65%. | When investing 17.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NHC Technicals: Chart, Performance Metrics, Trend & Indicators
158.81
+1.08 (+0.68%)
NATIONAL HEALTHCARE CORP / NHC TA FAQ
What is the technical rating for NHC stock?
ChartMill assigns a technical rating of 10 / 10 to NHC.
Can you provide the trend direction for NATIONAL HEALTHCARE CORP?
The current trend direction for NATIONAL HEALTHCARE CORP (NHC) is Bullish.
What is the RSI signal for NATIONAL HEALTHCARE CORP (NHC) stock?
NATIONAL HEALTHCARE CORP (NHC) has an RSI value of 48.82. This indicates that the stock is currently neutral.
What is the MACD signal for NATIONAL HEALTHCARE CORP (NHC) stock?
The MACD indicator for NATIONAL HEALTHCARE CORP (NHC) has a value of -1.25092, indicating a bearish trend.